HomeBanc Corp. (NYSE HMB)
Last Trade: | 2.70 |
Trade Time: | 4:00PM ET |
Change: | ![]() |
Since hitting a 52-week high of $8.96 on March 17, the shares have lost nearly 84 percent and have declined 65 percent year to date, prompting JPMorgan's Andrew Wessel to upgrade the stock to "Overweight" from "Neutral."
"Regardless of metric, HomeBanc appears cheap," Wessel wrote in a client note. "We believe shares present substantial value to investors willing to weather the current storm."
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