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

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.
Comments (1)
  • Lets see, we should sell now because it outperformed its peers, and the analyst thinks the stock will go higher, even though he didn't believe the stock should go higher then 6.50.

     

    If I sold at his target price of 6.50 I would have had an 18% smaller profit than I have now.

     

    But if I sell here, he thinks the stock will go higher, and judging by the accuracy of his last target plus the additional .30 cents to get to $8 I think the stock goes to over $9 per share. who knows maybe more.

     

    I am confused. I guess I should have sold at 6.50.

     

    In the mean time the Housing industry looks like it is starting what could be one of the most vibrant growth periods in its history.
    11 Jan 2013, 10:18 PM Reply Like
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