Soleil Securities Maintains a 'Buy' on Toll Brothers (TOL); Adjusts Estimates
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Soleil Securities maintains a 'Buy' on Toll Brothers (NYSE: TOL), price target $25.
Soleil analyst says, "TOL's FQ4/09 preliminary results reflected a higher than expected 9% sequential improvement in closings due to fewer cancellations and the sale of quick delivery homes. Management's impairment guidance for FQ4/09 is $50-$125 million. We are adjusting our FY2009E EPS from a loss of $4.32 to a loss of $4.55. Our $25 price target represents 1.4x CY2010E book value."
To see more analyst ratings on TOL Click Here.
Toll Brothers, Inc. engages in designing, building, marketing, and arranging finance for single-family detached and attached homes in luxury residential communities in the United States.
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