*Credit Suisse cuts PulteGroup Inc to neutral from outperform. *Credit Suisse raises PulteGroup Inc price target to $15 from $12.50. *Credit Suisse cuts MDC Holdings Inc to underperform from neutral.
Stocks eked out modest gains Friday, buoyed by a better-than-expected government jobs report, but still ended off their best levels following news of a "credit event" in Greece. Still, the S&P 500 and Nasdaq logged gains for a fourth consecutive week.
The housing industry is healing, but one Goldman Sachs analyst recommends investors steer clear of the rally in homebuilders such as Lennar and PulteGroup.
Stocks ended lower in volatile trading Thursday after Fed Chairman Ben Bernanke failed to provide additional detail on how to boost the weakening U.S. economy and as investors looked ahead to President Obama's jobs speech later this evening.
New homes aren't selling, new delinquencies are rising, and inventories of existing homes are way too high...Some analysts out there think that some builders are well-positioned to profit going forward.