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Fly News Breaks for July 18, 2016
TOL
Jul 18, 2016 | 07:49 EDT
Buckingham upgraded Toll Brothers to Buy and raised its price target to $35 from $34 citing recent underperformance versus peers. The firm's analyst believes investors have become too pessimistic on this score, are overlooking positive developments elsewhere, and has the conviction that Toll's underlying value is above what shares imply.
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