JMP Upgrades Toll Brothers (TOL), Downgrades NVR (NVR), MDC Holdings (MDC)

An analyst at JMP Securities revised investment ratings on a number of stocks in the Homebuilding sector Tuesday:

• upgraded Toll Brothers (NYSE: TOL) from Market Perform to Market Outperform, new $28 price target
  
• downgraded NVR Inc. (NYSE: NVR) from Market Outperform to Market Perform
  
• downgraded MDC Holdings (NYSE: MDC) from Market Outperform to Market Perform

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