Market Overview

UPDATE: Deutsche Bank Reiterates Buy Rating, Raises PT on Toll Brothers

Share:
Related TOL
Keefe, Bruyette & Woods Raises 4 Homebuilder Price Targets, Plus 1 Outperform Pick
Compass Point Sees Toll Brothers As Fairly Valued At Current Levels
KB Home Ups Community Count with New Homes in Colorado - Analyst Blog (Zacks)

In a report published Wednesday, Deutsche Bank reiterated its Buy rating on Toll Brothers (NYSE: TOL), and slightly raised its price target from $36.00 to $37.00.

Deutsche Bank noted, “Sell-off post F4Q12 and valuation discount to peers both unwarranted. Toll Brothers reported generally solid F4Q12 earnings with little impact from Sandy and above consensus orders, gross margins and earnings; however the stock traded off post earnings (-1.8%) and remains at a valuation discount to credit quality peers (1.7x vs. 1.8x). Two main investor concerns are likely the tax impact of fiscal cliff negotiations and gross margin guidance for FY2013. We think these concerns are overdone and that both the intraday stock reaction and its valuation discount are unwarranted.”

Toll Brothers closed on Tuesday at $31.86.

Latest Ratings for TOL

DateFirmActionFromTo
Mar 2015Deutsche BankMaintainsBuy
Feb 2015CitigroupMaintainsNeutral
Feb 2015JMP SecuritiesMaintainsMarket Outperform

View More Analyst Ratings for TOL
View the Latest Analyst Ratings

Posted-In: Deutsche BankAnalyst Color Price Target Analyst Ratings

 

Related Articles (TOL)

Around the Web, We're Loving...