On April 4, PulteGroup, Inc. (NYSE: PHM) announced the resignation of its CEO, Richard Dugas, effective May 2017. JPMorgan’s Michael Rehaut downgraded the rating on the company from Overweight to Neutral, while lowering the price target from $21.50 to $18.00, following the announcement...

JPMorgan’s Michael Rehaut upgraded the rating for Whirlpool Corporation (NYSE: WHR) from Neutral to Overweight, with a price target of $205, while downgrading the rating for Mohawk Industries, Inc. (NYSE: MHK) from Overweight to Neutral, with a price target of $215. Mohawk The company...

Toll Brothers Inc (NYSE: TOL) shares have dipped 9 percent in the last three months, after hotting a high of $41.88 on August 18. JP Morgan’s Michael Rehau upgraded the rating on the company from Neutral to Overweight, while raising the price target from $41.50 to $45. Above-average...

In a note out Tuesday, analyst Michael Rehaut of JP Morgan provided an update on homebuilder stocks through year-end. While still bullish, Rehaut has taken a more guarded stance, as noted in the quote below: "More broadly, we expect the housing recovery to resume at a moderate pace over...

In a report published Monday, J.P. Morgan analyst Michael Rehaut upgraded the rating on Armstrong World Industries (NYSE: AWI) from Underweight to Neutral, and raised the price target from $49.00 to $56.50. In the report, J.P. Morgan noted, “We rate AWI Neutral, as while activist investor ValueAct'...

In a report published Monday, JP Morgan analyst Michael Rehaut downgraded Ply Gem Holdings, Inc. (NYSE: PGEM) to Neutral from Overweight. According to the report, the downgrade follows recent operational challenges likely to continue for at least one to two more quarters. “We are downgrading PGEM...

In a report published Monday, J.P. Morgan analyst Michael Rehaut initiated coverage on LGI Homes (NASDAQ: LGIH) with an Overweight rating and $19.00 price target. In the report, J.P. Morgan noted, “We initiate coverage of LGI Homes with an Overweight rating and a Dec. 2014 price target of $19.00....

In a report published Wednesday, J.P. Morgan analyst Michael Rehaut upgraded the rating on Owens Corning (NYSE: OC) from Neutral to Overweight, and raised the price target from $44.00 to $45.00. In the report, J.P. Morgan noted, “Trading at only 6.4x our 2014E EBITDA, we believe OC's valuation is...

In a report published Wednesday, J.P. Morgan analyst Michael Rehaut upgraded the rating on Masco Corporation (NYSE: MAS) from Underweight to Neutral, and raised the price target from $20.00 to $21.00. In the report, J.P. Morgan noted, “We rate MAS Neutral, as we view the company's valuation as...

In a report published Thursday, J.P. Morgan analyst Michael Rehaut reiterated an Overweight rating on KB Home (NYSE: KBH), but lowered the price target from $26.00 to $24.00. In the report, J.P. Morgan noted, “We rate KBH Overweight relative to its peers amid our positive sector stance, as we...

In a report published Wednesday, J.P. Morgan analyst Michael Rehaut initiated coverage on WCI Communities (NYSE: WCIC) with a Neutral rating and $20.50 price target. In the report, J.P. Morgan noted, “We are initiating coverage of WCI Communities (WCIC) with a Neutral rating and a Dec. 2014 price...

In a report published on Tuesday, JP Morgan analyst Michael Rehaut initiated coverage on Ply Gem Holdings (NYSE: PGEM) with an Overweight rating and a $26 price target. In the report, JP Morgan noted, "Overall, we view PGEM – which maintains a number one 36% share in vinyl siding and a number two...

In a report published on Tuesday, J.P. Morgan analyst Michael Rehaut initiated coverage on William Lyon Homes (NYSE: WLH) with a Neutral rating and a price target of $31. In the report, J.P. Morgan stated, "Overall, we view WLH as well positioned within our universe from a geographic standpoint...