Oppenheimer analyst Tyler Batory lowered the firm’s price target on Toll Brothers (TOL) to $155 from $165 and keeps an Outperform rating on the shares. The firm is reducing estimates for Toll Brothers ahead of Q2 earnings. Oppenheimer models in-line Q2 EPS, but expects the company to lower its closings guidance for the year given choppy demand during the spring selling season.
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