MKM Starts TOL, LEN, PHM, DHI at Buy, KBH, RYL at Neutral, HOV at Sell

An analyst at MKM Partners initiated coverage on a number of stocks in the Homebuilding sector Tuesday morning:

• Toll Brothers (NYSE: TOL) with a Buy rating
  
• Lennar (NYSE: LEN) with a Buy rating
  
• Pulte Group (NYSE: PHM) with a Buy rating
  
• DR Horton (NYSE: DHI) with a Buy rating
  
• KB Home (NYSE: KBH) with a Neutral rating
  
• Ryland (NYSE: RYL) with a Neutral rating
  
• Hovnanian (NYSE: HOV) with a Sell rating

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