Deutsche Bank Upgrades Toll Bros. (TOL) to Buy; Credit Quality Builders Should Thrive in Recovery

Deutsche Bank upgraded Toll Bros. (NYSE: TOL) from Hold to Buy, price target raised from $23 to $30.

Deutsche analyst said, "We are upgrading Toll Brothers because it has a strong balance sheets and therefore ample opportunity for growth. More recently, the margin premium that drives Toll’s earnings has reemerged. We are increasing target prices across the group as investors begin to anticipate recovery. Our thesis remains that the pace of job growth will govern the pace of housing recovery; therefore, a sharp slowdown in job growth remains the biggest risk for housing."

For an analyst ratings summary and ratings history on Toll Bros. click here. For more ratings news on Toll Bros. click here.

Shares of Toll Bros. closed at $23.33 yesterday.

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