Another homebuilder languishing today in spite of Merrill's positive comments is Hovnanian...

|About: Hovnanian Enterprises, Inc. (HOV)|By:, SA News Editor

Another homebuilder languishing today in spite of Merrill's positive comments is Hovnanian Enterprises (HOV -1%). JP Morgan upped its rating from Underweight to Neutral, but warns that the company's capital structure requires additional equity, and its adjusted price-to-book is highly expensive.