UPDATE: J.P. Morgan Initiates Coverage on WCI Communities on Fair Valuation

By: Benzinga
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
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