Barclays Maintains Underweight on Toll Brothers, Raises Price Target to $95
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Matthew Bouley has maintained an Underweight rating on Toll Brothers (NYSE:TOL) but increased the price target from $74 to $95.
December 07, 2023 | 11:50 am
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Barclays has maintained an Underweight rating on Toll Brothers but raised the price target from $74 to $95, indicating a potential downside risk despite the higher target.
The Underweight rating suggests that Barclays believes Toll Brothers' stock may underperform the broader market or its sector. However, the increase in the price target could imply that the analyst sees some positive factors that could limit the downside or that the overall market valuation has increased, justifying a higher target even for stocks that are not favored. Investors should consider both the rating and the new price target in their investment decisions.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100