Wells Fargo Downgrades Toll Bros. (TOL) to Market Perform; Struggle For Profitability in 2011
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Price: $36.92 +2.19%
Rating Summary:
10 Buy, 11 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Rating Summary:
10 Buy, 11 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Trade TOL Now!
Wells Fargo downgraded Toll Bros. (NYSE: TOL) from Outperform to Market Perform. Valuation range $19.00-21.00.
Wells analyst says, "TOL has long-term competitive advantages but we believe will struggle to be profitable in 2011. We like TOL’s long-term land positions, a substantial portion in the supply-constrained corridor between Washington DC and Boston. With slightly over 13.2 years of land supply, TOL has less need to compete with peers to re-load on land, and its land development arm may allow the company to participate in opportunities others that will only purchase finished lots cannot."
For more ratings news on Toll Bros. click here and for the rating history of Toll Bros. click here.
Shares of Toll Bros. closed at $19.88 yesterday, with a 52 week range of $15.57-$23.67.
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Wells analyst says, "TOL has long-term competitive advantages but we believe will struggle to be profitable in 2011. We like TOL’s long-term land positions, a substantial portion in the supply-constrained corridor between Washington DC and Boston. With slightly over 13.2 years of land supply, TOL has less need to compete with peers to re-load on land, and its land development arm may allow the company to participate in opportunities others that will only purchase finished lots cannot."
For more ratings news on Toll Bros. click here and for the rating history of Toll Bros. click here.
Shares of Toll Bros. closed at $19.88 yesterday, with a 52 week range of $15.57-$23.67.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
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