Fly News Breaks for October 2, 2015
CAA, SPF, RYL
Oct 2, 2015 | 06:26 EDT
JPMorgan analyst Michael Rehaut reinstated CalAtlantic Group (CAA) with an Overweight rating and added the stock to his firm's Equity Analyst Focus List. Rehaut has a $56 price target for shares. The homebuilder offers investors "solid" geographic diversity and "strong" positioning in many core markets, the analyst tells investors in a research note. CalAtlantic is the renamed merged entity of Standard Pacific (SPF) and Ryland Group (RYL).
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