JPMorgan Upgrades Standard Pacific (SPF), Downgrades KB Home (KBH), Hovnanian (HOV)

JPMorgan's Michael Rehaut reduced estimates and price targets on a number of stocks in the Homebuilding sector Thursday morning.

The analyst revised ratings on the following:

• upgraded Standard Pacific (NYSE: SPF) from Underweight to Neutral
  
• downgraded KB Home (NYSE: KBH) from Overweight to Neutral, price target reduced from $13.50 to $8
  
• downgraded Hovnanian (NYSE: HOV) from Neutral to Underweight

Check out our Ratings Insider portal to get the most comprehensive and up-to-date analyst coverage on the Street.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Morgan Stanley Downgrades oOh!media (OML:AU) to Equalweight
• UBS Downgrades Vicinity Centers (VCX:AU) (CNRAF) to Neutral
• Goldman Sachs Downgrades Kuaishou Technology (1024:HK) to Neutral