Topeka Capital Downgrades Ryland Group (RYL) to Hold
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Price: $40.83 --0%
Rating Summary:
11 Buy, 9 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
11 Buy, 9 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Topeka Capital downgraded Ryland Group (NYSE: RYL) from Buy to Hold with a price target of $36.00.
The firm comments, "We estimate RYL’s community opening plan could produce triple-digit EPS growth in 2013 as it grows inside the current footprint and expands to new markets. We believe demand is rising for RYL's homes due to declines in competing supply and improving economies in its key MSAs. However, at current levels, we believe the shares are fairly valued, and we are lowering our rating to Hold from Buy."
For an analyst ratings summary and ratings history on Ryland Group click here. For more ratings news on Ryland Group click here.
Shares of Ryland Group closed at $37.58 yesterday.
The firm comments, "We estimate RYL’s community opening plan could produce triple-digit EPS growth in 2013 as it grows inside the current footprint and expands to new markets. We believe demand is rising for RYL's homes due to declines in competing supply and improving economies in its key MSAs. However, at current levels, we believe the shares are fairly valued, and we are lowering our rating to Hold from Buy."
For an analyst ratings summary and ratings history on Ryland Group click here. For more ratings news on Ryland Group click here.
Shares of Ryland Group closed at $37.58 yesterday.
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