Upgrade Watch: Ryland Group, KB Home and Motorola
Today’s upgrades include The Ryland Group, Inc. (NYSE:RYL), KB Home (NYSE:KBH) and Motorola, Inc. (NYSE:MOT). Read on for more information.
The Ryland Group, Inc. (NYSE:RYL) received its upgrade from Stifel Nicolaus and the analyst raised outlook on the stock from Hold to Buy, with a price target of $21.25. Over the past 12 months Ryland Group Inc (RYL) shares have traded between a 52-week low of $15.13 and its 52-week high of $26.03. Ryland Group Inc shares are now trading with a P/E Ratio of 0 and EPS of -2.35. Even with the upgrade issued, RYL shares are trading at $17.25, down -1.65% and volume is currently at 290K shares traded.
KB Home (NYSE:KBH) also received its upgrade from Stifel Nicolaus. They upgrade the outlook on the stock from Hold to Buy, setting the price target at $17. KBH shares are trading dangerously close to its 52-week low of $10.23 as shares are currently at $11.28, down -2%/$-0.23 for the day with volume checking in at 1.41M shares traded.
Motorola, Inc. (NYSE:MOT) is having a great day as shares are trading at $7.49, up 3.88%/+$0.28 and volume is strong at 17.79M. Motorola received its upgrade from MKM Partners as they raise outlook from Sell to Neutral with price target going to $7. (Note: Stock is already trading above that price target.) Over the past 12 months Motorola Inc (MOT) shares have traded between a 52-week low of $6.00 and a 52-week high of $9.45. The company stock is now trading with a P/E Ratio of 63.5.
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