Toll Bros. and Pulte cut at Credit Suisse


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

ETFs: XHB, ITB

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