Market Overview

UPDATE: Topeka Capital Markets Initiates Toll Brothers at Hold on Valuation

Share:
Related TOL
Toll Brothers Remains Credit Suisse Favorite Name In Builder Universe, Sees Earnings Potential As Underappreciated
MKM Names Toll Brothers A 'Top Pick'

Topeka Capital Markets initiated coverage on Toll Brothers (NYSE: TOL) with a Hold rating and a $33 price target.

Topeka Capital Markets noted, "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 entry-level 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."

Toll Brothers closed at $30.67 on Thursday.

Latest Ratings for TOL

DateFirmActionFromTo
Jun 2015JMP SecuritiesMaintainsMarket Outperform
Jun 2015Credit SuisseUpgradesNeutralOutperform
May 2015BarclaysMaintainsEqual-weight

View More Analyst Ratings for TOL
View the Latest Analyst Ratings

Posted-In: Topeka Capital MarketsAnalyst Color Initiation Pre-Market Outlook Analyst Ratings

 

Related Articles (TOL)

Get Benzinga's Newsletters