Compass Point Starts Homebuilders: RYL at Buy, DHI, SPF, PHM at Neutral, KBH at Sell

Compass Point's Wilkes Graham initiated coverage on the following stocks in the Homebuilding sector Wednesday:

• Ryland (NYSE: RYL) with a Buy rating and a $18 price target
  
• DR Horton (NYSE: DHI) with a Neutral rating and a $12 price target
  
• Standard Pacific (NYSE: SPF) with a Neutral rating and a $3.25 price target
  
• Pulte Homes (NYSE: PHM) with a Neutral rating and a $8 price target
  
• KB Home (NYSE: KBH) with a Sell rating and an $8 price target

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