Toll Brothers: Rating Upgrade To Buy On Better Fundamentals
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Toll Brothers has been upgraded from hold to buy due to strong fundamentals, including a 30% year-over-year growth in unit orders and revenue of $3.33 billion, surpassing expectations. Despite high mortgage rates, demand is steady, with a 9% upside anticipated.
December 11, 2024 | 10:45 pm
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Toll Brothers has been upgraded to a 'Buy' rating due to strong Q4 2024 earnings, with a 30% increase in unit orders and $3.33 billion in revenue, exceeding expectations. A 9% upside is anticipated despite high mortgage rates.
The upgrade to 'Buy' is based on strong earnings performance and a positive demand outlook, which are likely to drive the stock price up. The 30% growth in unit orders and revenue exceeding expectations are key factors. The steady demand despite high mortgage rates further supports the positive outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100