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Credit Suisse Gets Positive on Housing Stocks (CTX, DHI, RYL, TOL, More...)
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Credit Suisse initiates coverage of the Homebuilding sector with an Overweight rating, saying they see an inflection point in housing in spring 2009.
Centex (NYSE: CTX) started at Outperform with a $19 price target.
D.R. Horton (NYSE: DHI) started at Outperform with a $14 price target.
KB Home (NYSE: KBH) started at Outperform with a $23 price target.
Pulte Homes (NYSE: PHM) started at Outperform with a $14 price target.
Ryland (NYSE: RYL) started at Outperform with a $28 price target.
Toll Brothers (NYSE: TOL) started at Outperform with a $24 price target.
Lennar (NYSE: LEN) started at Neutral with a $16 price target
MDC Holdings (NYSE: MDC) started at Neutral with a $41 price target .
NVR (NYSE: NVR) started at Neutral with a $41 price target.
Hovnanian Enterprises (NYSE: HOV) started at Underperform with a $6.40 price target.
Meritage Homes (NYSE: MTH) started at Underperform with a $16 price target.
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