UPDATE: J.P. Morgan Initiates Coverage on WCI Communities on Fair Valuation
August 21, 2013 at 09:29 AM EDT
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 target