Zacks Initiates Coverage of Hovnanian With Neutral Recommendation

Zacks Investment Research has recently initiated the coverage of Hovnanian Enterprises, Inc. (HOV) , a prominent residential homebuilder, with a "Neutral" recommendation. This assessment reflects a balance between Hovnanian's strategic improvements in financial health and operational efficiencies against the backdrop of ongoing market challenges and competitive pressures. A cornerstone of Hovnanian's recent success has been its robust financial restructuring. The company has dramatically reduced its debt fr ...