Toll Bros. and Pulte cut at Credit Suisse

|About: Toll Brothers Inc. (TOL)|By:, SA News Editor

Three more downgrades hit the homebuilders, with Toll Brothers (TOL), PulteGroup (PHM), and William Lyons (WLH) being cut from Buy to Hold at Credit Suisse. At the moment, a combination of higher mortgage rates and higher home prices has the Street worried about the sector.

On Monday a different set of homebuilders suffered three downgrades at the hands of BAML and Citigroup.

TOL -1.5% premarket