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eastunder

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eastunder

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Monday, 03/22/2010 9:43:24 AM

Monday, March 22, 2010 9:43:24 AM

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SPF: Wells Fargo Cuts to Underperform from Market Perform; Analyst Notes

Monday , March 22, 2010 09:26ET

Issuer: Standard Pacific Corp. (NYSE: SPF)

Analyst Firm: Wells Fargo Van Kasper & Co.

Ratings Action: DOWNGRADE

Current Rating: Underperform (from Market Perform)




Analyst Comments: Wells Fargo downgraded Standard Pacific to Underperform citing concerns over the pace of the housing recovery and the company's high leverage.


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