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Calls Of The Day Hovnanian, Toll & Other Homebuilders

Find out what top analysts are saying about Hovnanian, Toll and more. How should you be positioned, now?

Homebuilders

Bank of America initiated coverage of Homebuilders on Wednesday with 7 out of 9 earning a ‘Buy’ rating.

The “Buys’ are:
KB Home - $20 target.
Ryland Group - $28 target.
DR Horton Inc - $16 target.
Hovnanian - $5 target.
Pulte - $13 target.
Lennar - $21 target.
MDC Holdings - $43 target.

Meanwhile, Beazer received a ‘Neutral’ rating and $4.50 price target while Bank of America initiated coverage of Toll Brothers at “Underperform” and a price target of $16.

What should you make of it?

If you’re bullish on the sector, and want the ‘doggiest’ name I’d look at Hovnanian, counsels Karen Finerman.

I think the space is too risky, says Steve Grasso.

Home Depot

Oppenheimer analyst Brian Nagel upgraded Home Depot from Perform to Outperform on Wednesday.

I think Home Depot is a $37 stock, Nagel tells the Fast Money desk, it has a ways to go.

Symbol
Price
 
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HD
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Trader disclosure: On February 17th, 2010, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Seymour Owns (AAPL), (BAC), (INTC), (LVS), (MPEL), (AAPL), (BAC), (INTC), (MSFT), (CHL); Terranova Owns (JPM) (AAPL), (GOOG), (RIMM), (JPM), (QCOM), (IBM), (MSFT), (DELL), (EMC), (PALM), Crude Oil Futures; Terranova Is Long Dec. 2010 Oil Futures; Terranova Is Long Dec. 2011 Oil Futures; Grasso Owns (ABK), (AAPL), (ASTM), (BAC), (BGP), (C), (COST), (CSCO), (FAZ), (PFE), (PRST), (WMT), (V); Kelly Owns (ELX) Calls; Kelly Owns (QLGC) Calls; Finerman's Firm Is Short (IJR), (SPY), (MDY), (IWM), (SPY), (USO); Finerman's Firm Is Short SPX Puts; Finerman Owns (AAPL); Finerman's Firm Owns (BAC), (BAC) Leaps; Finerman Owns (BAC) Preferred, (BAC); Finerman's Firm And Finerman Own (GOOG); Fimeran's Firm Owns (IBM), (TGT); Finerman's Firm And Fnerman Own (WFC) Preferred; Finerman's Firm Owns (BDX); Finerman's Firm Owns (BSX); Finerman's Firm And Finerman Own (GGWPQ); Finerman's Firm And Finerman Own (JPM); Finerman's Firm Owns (WMT)

For Joe Terranova
Terranova Works For (VRTS)
Terranova Is Chief Market Strategist Of Virtus Investment Partners, Ltd.
Virtus Investment Partners Owns More Than 1% Of (CLB)
Virtus Investment Partners Owns More Than 1% Of (DLR)
Virtus Investment Partners Owns More Than 1% Of (EXR)
Virtus Investment Partners Owns More Than 1% Of (IGE)
Virtus Investment Partners Owns More Than 1% Of (XLY)
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For Steve Grasso
Stuart Frankel & Co. Inc And Its Partners Own (AIZ)
Stuart Frankel & Co. Inc And Its Partners Own (ABX)
Stuart Frankel & Co. Inc And Its Partners Own (CUBA)
Stuart Frankel & Co. Inc And Its Partners Own (GERN)
Stuart Frankel & Co. Inc And Its Partners Own (GLG)
Stuart Frankel & Co. Inc And Its Partners Own (HSPO)
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Stuart Frankel & Co. Inc And Its Partners Own (ROK)
Stuart Frankel & Co. Inc And Its Partners Own (TLM)
Stuart Frankel & Co. Inc And Its Partners Own (TOL)
Stuart Frankel & Co. Inc And Its Partners Own (XRX)
Stuart Frankel & Co. Inc And Its Partners Own (SDS)
Stuart Frankel & Co. Inc And Its Partners Are Short (QQQQ)
Stuart Frankel & Co. Inc And Its Partners Are Short (CL)

For Brian Kelly
Kanundrum Capital Owns (BRCM)
Kanundrum Capital Owns (ELX)
Kanundrum Capital Owns (QLGC)
Kanundrum Capital Owns (QCOM)
Kanundrum Capital Owns (VMW)
Kanundrum Capital Owns (HOV), (PHM), (TOL), (C), (JPM), (EWP), (NBG)
Kanundrum Capital Is Long USDJPY, USDCHF, USDSGD
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For Bill Fleckenstein
Fleckenstein Owns Gold