UPDATE: Compass Point Reiterates Ryland Group Buy, Lowers PT

Compass Point Research lowered its Ryland Group (RYL) price target from $18 to $14 and reiterated its Buy rating on Ryland Group in a research report published today.

In the report, Compass Point Research states, " RYL's market footprint has some exposure to higher inventory markets, but the company's high price point relative to median prices should insulate the company's inventory from added competition from shadow supply."

Shares of Ryland Group were trading at $10.80 at the time of posting, down 1.28% from Tuesday's market close.