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Ryland Group Inc. Message Board

  • getintoh20 getintoh20 Aug 14, 2013 10:40 AM Flag

    UBS Upgrades Ryland Group (RYL) to Buy Pt $48

    UBS upgraded Ryland Group (NYSE: RYL) from Neutral to Buy with a modified price target of $48. Analyst David Goldberg thinks the recent decline is overly pessimistic.

    "Over the past 9 weeks, RYL -20%, in line with the group. In turn, it now trades at 1.8x times BV, offering what we view as an attractive buying opportunity," said Goldberg.

    "The recent decline in the HB stocks reflects concerns over rising rates, combined with limited visibility given seasonal patterns. We continue to expect a limited impact from rising rates over the next 12-18 months. Longer term, as the recovery spreads to more peripheral areas, declining affordability should generate more moderate growth, as opposed to a decline from current levels," he said

 
RYL
34.9475-0.9025(-2.52%)12:49 PMEDT

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