Topeka Capital Starts Toll Bros. (TOL) at Hold
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Price: $36.75 -2.26%
Rating Summary:
10 Buy, 11 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Rating Summary:
10 Buy, 11 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Trade TOL Now!
Topeka Capital initiates coverage on Toll Bros. (NYSE: TOL) with a Hold. PT $33.00.
The firm comments, "Demand for Toll-branded homes appears to be increasing across the US, and we believe the traditional Toll buyer may be less sensitive to a loss of the mortgage interest tax deduction than entrylevel or first-move-up buyers. However, we believe Toll's greater-than-$500k average selling price may result in headline risk as the fiscal cliff negotiations continue."
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 $30.67 yesterday, with a 52 week range of $18.95-$37.08.
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The firm comments, "Demand for Toll-branded homes appears to be increasing across the US, and we believe the traditional Toll buyer may be less sensitive to a loss of the mortgage interest tax deduction than entrylevel or first-move-up buyers. However, we believe Toll's greater-than-$500k average selling price may result in headline risk as the fiscal cliff negotiations continue."
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 $30.67 yesterday, with a 52 week range of $18.95-$37.08.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
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