Raymond James Downgrades TOL, LEN, PHM to Market Perform, RYL, KBH to Underperform

Raymond James' Buck Horne downgraded numerous Homebuilding stocks Monday morning:

• Toll Bros. (NYSE: TOL) from Outperform to Market Perform
  
• Lennar (NYSE: LEN) from Outperform to Market Perform
  
• Pulte Homes (NYSE: PHM) from Outperform to Market Perform
  
• Ryland (NYSE: RYL) from Market Perform to Underperform
  
• KB Home (NYSE: KBH) from Market Perform to Underperform

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