UPDATE: Sterne Agee Downgrades EverBank Financial After Shares Hit $18 Price Target

In a report published Tuesday, Sterne Agee analyst Nathan Race downgraded EverBank Financial Corp (NYSE: EVER ) to Neutral from Buy, with a $18.00 price target. According to the report, the downgrade follows shares reaching their price target of $18.00. Although long-term outlook remains favorable, it is believed that a