William Lyon Homes (WLH)

[johnsyn]

11:28 AM William Lyon Homes (WLH +2.3%) gets a boost coming out of its quiet period as home prices grew at the fastest pace in several years. That being said, Citigroup and Credit Suisse both start the shares at Outperform with price targets of $28 and $29, respectively. Specifically, Credit Suisse cites the home builder's solid geographic exposure, expectations for 40% annualized growth in community count and significant margin expansion. JPMorgan initiates coverage with a Neutral however, saying its strong position in California and Arizona is already baked-in to the price