JPM downgrades key homebuilder stock amid challenging supply-demand dynamics

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Toll Bros. (TOL) PT Lowered to $165 at Raymond James

December 16, 2024 1:10 PM EST

Raymond James analyst Buck Horne lowered the price target on Toll Bros. (NYSE: TOL) to $165.00 (from $170.00) while maintaining a Strong Buy rating.

The analyst comments "We are reiterating our Strong Buy rating on Toll Brothers with a modest tweak to our target price (to $165 from 170), following our review of last weeks 4Q24 upside results. Since the... More