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October 14, 2008 8:47 AM EDT
Fox-Pitt Kelton initiated coverage on numerous homebuilders this morning.
with an Outperform rating:
- Toll Brothers (NYSE: TOL)
with an In Line rating:
- Ryland Group (NYSE: RYL)
- Pulte Homes (NYSE: PHM)
- KB Home (NYSE: KBH)
with an Underperform rating:
- Lennar (NYSE: LEN)
- DR Horton (NYSE: DHI)
- Centex (NYSE: CTX)
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