Hovnanian Enterprises Inc. (HOV) Reports Q4 EPS of $1.95, Revenue Beats
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Compass Point Downgrades Hovnanian Enterprises (HOV) to Neutral
December 12, 2014 7:55 AM ESTCompass Point downgraded Hovnanian Enterprises (NYSE: HOV) from Buy to Neutral with a price target of $4.50.
Analyst Wilkes Graham commented, "HOV reported strong year-end earnings with 4Q14 core EPS of $0.23 versus our estimate of $0.20 and the Street's consensus of $0.21. HOV was able to reverse a portion of their DTA during the quarter ($285M), leaving only approximately $646M... More
