Goldman Sachs Maintains Sell on Toll Brothers, Raises Price Target to $78
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Susan Maklari has maintained a Sell rating on Toll Brothers (NYSE:TOL) but increased the price target from $68 to $78.
December 07, 2023 | 2:44 pm
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NEGATIVE IMPACT
Goldman Sachs reaffirmed a Sell rating on Toll Brothers but raised the price target from $68 to $78, indicating a potential downside despite the higher target.
The Sell rating from a prominent financial institution like Goldman Sachs suggests that the analysts see underlying issues or overvaluation that could lead to a price decline. However, the increase in the price target to $78 may reflect a less bearish view than before or some positive changes in the company's outlook. The impact is likely negative in the short term as the Sell rating is a direct recommendation to investors.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100