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Shares of Hovnanian Enterprises (HOV +3.5%) get a boost today from an upgrade to Neutral from...

Shares of Hovnanian Enterprises (HOV +3.5%) get a boost today from an upgrade to Neutral from Compass Point. The firm says HOV's risk profile has declined markedly over the past few quarters and there's room for sustainable profitability in 2014. It cautions, however, that the company will not achieve a positive book value until its DTA is reversed in perhaps 2015-2016, and its equity value remains dependent upon that metric improving.
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