Toll Brothers, Inc. Trading Up On Citigroup's Upgrade
By Benzinga Staff
October 30, 2009 5:19 AM
October 30, 2009 5:19 AM
As reported earlier, Citigroup upgraded Toll Brothers (NYSE: TOL) from Hold to Buy.
Citigroup says the recent sell-off in the homebuilding sector, SPDR S&P Homebuilders (NYSE: XHB) presents a a great buying opportunity for a company like Toll.
Citigroup thinks that Toll Brothers' offers the best risk/reward in its sector. Citi maintains its $23 price target on TOL, representing a 34% price premium.
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