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Credit Suisse upgrades homebuilders Ryland (RYL +3.8% to $21.17) and Pulte (PHM +6.5% to $8.69)...

Credit Suisse upgrades homebuilders Ryland (RYL +3.8% to $21.17) and Pulte (PHM +6.5% to $8.69) to outperform from neutral, and raises Ryland's price target to $23.50 from $20 while keeping Pulte's at $11. CS cited a positive survey of real-estate agents and predicted a return to profitability as early as Q2.
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