Credit Suisse Gets Positive on Housing Stocks (CTX, DHI, RYL, TOL, More...)

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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