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Citi Upgrades Toll Brothers (TOL) to Buy

October 30, 2009 7:57 AM EDT
TOL Hot Sheet
Rating Summary:
    9 Buy, 7 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 13 | Down: 8 | New: 23
Shares of Toll Brothers (NYSE: TOL) are indicated higher this morning following an upgrade from Citi's Josh Levin. While the last trade was at $17.22, the bid/ask is currently at $17.61 and $17.98, respectively.

The Citi analyst moved his investment rating on the homebuilder from Hold to Buy, also maintaining a $23 price target. From yesterday's close, the firm's target represents potential upside of more than 33%.

To see all the market-moving upgrades/downgrades on shares of Toll Brothers, visit our Analyst Ratings page.

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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