Analysts Downgraded Ryland Group, Ultralife and Watts Industries
Wall St. Watchdog reveals information about companies for which stock analysts downgraded shares in the Industrial Goods sector for the week ending November 4th, 2011.
- Ryland Group (NYSE:RYL): KeyBanc Capital Mkts downgraded its rating on this company from Buy to Hold on Nov 1st. The shares recently traded at $13.35, up $0.69, or 5.45% since the analyst’s rating. About the company: The Ryland Group, Inc. is a homebuilder and mortgage-related finance firm. The Company’s homebuilding segment specializes in the sale and construction of single-family attached and detached housing. Ryland’s financial services segment provides various mortgage-related products and services for retail customers. Get the most recent company news and stock data here >>
- Ultralife (NASDAQ:ULBI): Ardour Capital downgraded its rating on this company from Accumulate to Hold and changed its price target from $5.75 to $4.5 on Nov 4th. The shares recently traded at $4.65, up $0.21, or 4.73% since the analyst’s rating. About the company: Ultralife Corporation is a battery, energy and communication product company that serves government, defense and commercial customers. The Company’s energy services provides back-up/stationary power services and solutions to the communications, power utility and data processing industries. The battery and energy product segment provides non-rechargeable and rechargeable batteries. Get the most recent company news and stock data here >>
- Watts Ind (NYSE:WTS): Longbow downgraded its rating on this company from Buy to Neutral on Nov 4th. The shares recently traded at $35.70, up $0.03, or 0.08% since the analyst’s rating. About the company: Watts Water Technologies, Inc. designs, manufactures, and sells a line of products to the water regulation and control markets. The Company has manufacturing plants and distribution channels in the United States, Canada, and Europe, as well as a joint venture in The People’s Republic of China. Get the most recent company news and stock data here >>
(Note: Selected financial data are sourced from Briefing.com via the Wall St. Journal. All data are assumed to be accurate.)
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