BofA lowered the firm’s price target on Toll Brothers (TOL) to $156 from $165 and keeps a Buy rating on the shares. Homebuilder stocks underperformed in 2024 as demand deteriorated in the second half of the year with higher mortgage rates, notes the analyst, who expects the challenging environment for homebuilders to persist through the first half of 2025.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TOL:
- Toll Brothers price target lowered to $115 from $135 at Barclays
- Toll Brothers price target lowered to $142 from $150 at RBC Capital
- Toll Brothers price target lowered to $185 from $192 at UBS
- Toll Brothers price target lowered to $137 from $155 at Citi
- Toll Brothers CFO Connor sells 11,140 common shares