UPDATE: Williams Financial Group Reiterates Hold Rating, Raises PT on Standard Pacific Corp.
In a report published Monday, Williams Financial Group reiterated its Hold rating on Standard Pacific Corp. (NYSE: SPF), and raised its price target from $6.00 to $8.00.
Williams Financial Group noted, “SPF's solid results echoed much of what we have been hearing this earnings season. YE demand appears to have side‐stepped the normal seasonal trend with deliveries, new orders, backlog and pricing all running well ahead of expectations with growing momentum into January.”
Standard Pacific Corp. closed on Friday at $7.93.
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