Keefe Bruyette & Woods Outperform On The St. Joe Company (JOE)

Keefe Bruyette & Woods has an Outperform rating and a $33 price target on shares of The St. Joe Company JOE.

In a note to clients, Keefe Bruyette & Woods writes, "JOE released its 10-K after brief extension. There were no big surprises from 10-K or 4Q10 earnings - a welcome change from the see-saw of announcements over past several weeks. Qtr was ahead of Street expectations and had extraordinary charges from legal spend. The positive news on the quarter was a notable pickup in residential activity, with closings accounting for almost half the volume for the year."

Shares of JOE closed at $26.66, a gain of 41 cents, or 1.56%.