The Ryland Group (RYL)

[chmcnfunds]

JP Morgan Still Likes Housing

Tim Biggam, Registered Representative of TradingBlock,
Member FINRA, SIPC September 09, 2014 4:07 PM

In a note out Tuesday, analyst Michael Rehaut of JP Morgan provided an update on homebuilder stocks through year-end.

While still bullish, Rehaut has taken a more guarded stance, as noted in the quote below:

"More broadly, we expect the housing recovery to resume at a moderate pace over at least the next 2-3 years (assuming rates increase at a modest and measured pace), driven by continued job growth and a further modest easing of credit standards."

The firm revised price targets and ratings on the housing stocks, with some notables below:

The Ryland Group, Inc. (NYSE: RYL)- previous price target $43 - new price target $47 (Overweight)

Read more: http://www.benzinga.com/analyst-ratings/analyst-color/14/09/4836956/jp-morgan-still-likes-housing#ixzz3CvlPjIuj
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RYL