FBR Starts LEN, SPF at Outperform, PHM, MTH, RYL, KBH at Market Perform

FBR Capital's Steve Stelmach initiated coverage on stocks in the Homebuilding sector Thursday morning:

• Lennar (NYSE: LEN) with an Outperform rating and an $18 price target
  
• Standard Pacific (NYSE: SPF) with an Outperform rating and an $3.25 price target
  
• PulteGroup (NYSE: PHM) with a Market Perform rating and a $5 price target
  
• Meritage Homes (NYSE: MTH) with a Market Perform rating and a $18.50 price target
  
• Ryland (NYSE: RYL) with a Market Perform rating and a $13 price target
  
• KB Home (NYSE: KBH) with a Market Perform rating and a $7 price target

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