KeyBanc Upgrades Ryland Group (RYL) to Sector Weight

FBR Capital Downgrades Standard Pacific (SPF) to Market Perform

FBR Capital downgraded Standard Pacific (NYSE: SPF) from Outperform to Market Perform.

Analyst Patrick Kealey, Jr. commented, "We think the proposed merger of Standard Pacific Corp. (SPF) and The Ryland Group, Inc. (RYL) appears to be a positive event for shareholders of both companies, and the new... More

Credit Suisse Upgrades Ryland Group (RYL) to Neutral

Credit Suisse upgraded Ryland Group (NYSE: RYL) from Underperform to Neutral with a price target of $48.40 (from $37.00) following the merger with Standard Pacific (NYSE: SPF).

For an analyst ratings summary and ratings history on Ryland... More

Credit Suisse Downgrades Standard Pacific (SPF) to Neutral

Credit Suisse downgraded Standard Pacific (NYSE: SPF) from Outperform to Neutral with a price target of $9.50 following yesterday's merger deal with Ryland.

Analyst M. Dahl commented, "While we recognize the strategic reasoning behind the acquisition of RYL (larger scale, diversification, liquidity) and appreciate... More

Homebuilders Standard Pacific (SPF) and Ryland Group (RYL) to Merge

Late Sunday, Standard Pacific Corp. (NYSE: SPF) and The Ryland Group, Inc. (NYSE: RYL) jointly announced that their respective boards of directors have unanimously approved a definitive merger agreement pursuant to which Standard Pacific and Ryland will combine in a merger of equals to create a single company that would have an equity market capitalization of approximately $5.2 billion, an enterprise value of approximately $8.2 billion, and would own or control approximately 74,000 homesites. In the 12 months ended March 31, 2015, the pro forma combined company delivered more than 12,600 homes in the aggregate with... More