FBN Downgrades RYL to Sector Perform, LEN, BZH, SPF, HOV to Underperform

FBN Securities' Joel Locker downgraded a number of stocks in the Homebuilding sector Friday morning:

• Ryland (NYSE: RYL) from Outperform to Sector Perform
  
• Lennar (NYSE: LEN) from Sector Perform to Underperform
  
• Beazer Homes (NYSE: BZH) from Sector Perform to Underperform
  
• Standard Pacific (NYSE: SPF) from Sector Perform to Underperform
  
• Hovnanian (NYSE: HOV) from Sector Perform to Underperform

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