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Fly News Breaks for August 23, 2017
TOL
Aug 23, 2017 | 07:37 EDT
RBC Capital analyst Robert Wetenhall blames the decline in Toll's stock on the deferral of 150 high margin homes into next fiscal year which triggered "a modest" reduction in its guidance. However, the analyst remains upbeat on the company's fundamentals and says it's executing well. He recommends buying the shares on weakness.
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