UPDATE: Williams Financial Group Increases PT to $27 on The Ryland Group on Demand Trends
Williams Financial Group raises its price target from $23 to $27 on The Ryland Group (NYSE: RYL) and reiterates its Buy rating on shares.
Williams Financial Group comments, "RYL recently noted 37% growth in April. Consistent with our conversations around the country, we believe the demand trend has continued through the Spring selling season and into May, confirmed by the recent builder sentiment data pointing to May traffic accelerating and increasing in quality."
RYL closed at $17.06 on Wednesday.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.