Standard Pacific (SPF) is downgraded to Sell at JPMorgan, which nevertheless raises its price...

|By:, SA News Editor

Standard Pacific (SPF) is downgraded to Sell at JPMorgan, which nevertheless raises its price target to $8 from $6.50. It's a valuation call, with the analysts noting the stock's 131% 2012 gain vs. 94% for the homebuilder group, as well as its PE and price-to-book premiums vs. its peers. Shares -0.9% premarket.