Raymond James lowered the firm’s price target on Toll Brothers (TOL) to $130 from $145 and keeps a Strong Buy rating on the shares. While Toll reported healthy Q2 upside results, Raymond James acknowledges an economic climate that has changed rapidly since April, which has led to a weaker than expected spring selling season for homebuilders, the analyst tells investors in a research note. The firm still finds Toll’s current valuation quite compelling.
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Read More on TOL:
- Toll Brothers price target lowered to $120 from $132 at Keefe Bruyette
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- Toll Brothers price target raised to $169 from $167 at Evercore ISI
- Toll Brothers price target raised to $130 from $120 at Wells Fargo
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