JMP Securities Downgrades Ryland Group (RYL) to Market Perform
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Credit Suisse Upgrades Ryland Group (RYL) to Neutral
June 16, 2015 6:23 AM EDTCredit 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
Homebuilders Standard Pacific (SPF) and Ryland Group (RYL) to Merge
June 14, 2015 11:25 PM EDTLate 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
