Zacks Labels Block 'Bear of the Day'

H&R Block, the Kansas City, Mo.-based parent of Option One Mortgage, has again been labeled the "Bear of the Day" by Zacks Equity Research, Chicago.Zacks took similar actions earlier this year and several times last year. In its latest statement, Zacks said it is maintaining its Sell rating for Block and lowering its price target from $20 to $18 per share following the release of its fourth-quarter financial results. "While we view the pending disposal of Option One to be a long-term positive, we note that the ultimate terms of the deal are still unknown, and that the company continues to carry the financial risk associated with the business until its sale," Zacks said. Zacks can be found online at http://www.zacks.com.