Seeking Alpha

Lennar (LEN +1.3%), Toll Brothers (TOL), and PulteGroup (PHM +1.9%) are all upgraded to Buy by...

Lennar (LEN +1.3%), Toll Brothers (TOL), and PulteGroup (PHM +1.9%) are all upgraded to Buy by KeyBanc, which thinks "sustained local job growth" will give the homebuilders a lift. The firm thinks Toll's high-end focus and land acquisitions should allow it to deliver the best performance of the group, while PulteGroup is declared to be its "most cyclical call."
Comments (1)
  • Sounds like somebody has some inventory to clear. And I don't mean houses.

     

    These homebuilders are like Global Crossing and the other dot com high fliers after the bust. They've had their day in the sun and will never recover to anything like their old highs. Eventually they'll fade into the dustbin of history as the economy moves on without them.
    13 Apr 2012, 08:06 AM Reply Like
DJIA (DIA) S&P 500 (SPY)