We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : 50% Gains Investing -- Ignore unavailable to you. Want to Upgrade?

To: Dale Baker who wrote (46101)5/8/2006 8:20:17 AM
From: Dale BakerRespond to of 118716
J.P. Morgan Cuts Centex, Ryland Group >CTX RYL

Dow Jones Newswires

J.P. Morgan cut homebuilder Ryland Group Inc. (RYL) to neutral from overweight, citing valuation, and Centex Corp. (CTX) to underweight from neutral.

The broker said Ryland remains a defensive name, given its geographic diversification and its unique share-repurchase strategy.

Regarding Centex, J.P. Morgan said that although it remains impressed with the company's above-average focus on cost savings and share repurchases, it believes these effects will be overshadowed by its generally less aggressive growth strategy in the near term.