MKM Upgrades Ryland (RYL), KB Home (KBH); Says Housing is Bottoming

Article Stock Quotes (3) Comments (0)

MKM Partners' Megan Talbott McGrath upgraded shares of Ryland (NYSE: RYL) and KB Home (NYSE: KBH) to Buy and Neutral, respectively, Tuesday. Given sharp downside in the homebuilding sector, however, these stocks are getting crushed this afternoon. The SPDR S&P Homebuilders ETF (NYSE: XHB) is down 3.4 percent at last check. Shares of Ryland are down 4.7 percent while shares of KB Home are down 5.6 percent.

The analyst maintains a $10 price target on KB Home shares and a $22 price target on shares of Ryland.

McGrath believes housing is currently in the bottoming process. She feels investor expectations are now becoming more inline with reality.

Check out our Ratings Insider portal to get the most comprehensive and up-to-date analyst coverage on the Street.

---

Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW

---

*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here

---

---

You May Also Be Interested In

• UPDATE: BofA/Merrill Lynch Upgrades Adobe (ADBE) to Buy
• Goldman Sachs Upgrades Tanger Factory Outlet Centers (SKT) to Neutral
• UPDATE: Howard Weil Upgrades LINN Energy (LINE) to Outperform

Create E-mail Alert Related Categories

Upgrades

Related Entities

Standard & Poor's

Add Your Comment

Name

Subject

Body

Share on Facebook

Verification
can't see the text?
click here to refresh the image.
what's this?