Toll Brothers shares are trading lower after Barclays maintained an Underweight rating but lowered its price target from $81 to $74.
Portfolio Pulse from Benzinga Newsdesk
Barclays has maintained an Underweight rating on Toll Brothers but lowered its price target from $81 to $74. This has led to a decrease in Toll Brothers' share price.
October 12, 2023 | 7:07 pm
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Barclays has lowered its price target for Toll Brothers from $81 to $74, maintaining an Underweight rating. This has negatively impacted the company's share price.
The lowering of the price target by Barclays indicates a less optimistic outlook for Toll Brothers, which can lead to a decrease in investor confidence and a subsequent drop in share price. The maintained Underweight rating also suggests that Barclays believes the stock may underperform.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100