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Fly News Breaks for May 23, 2018
TOL
May 23, 2018 | 06:55 EDT
Barclays analyst Matthew Bouley lowered his price target for Toll Brothers to $39 and keeps an Underweight rating on the shares. The analyst sees heightened risk to 2018 estimates following the company's Q2 gross margin miss. Further, he's skeptical around the likelihood of the "large sequential margin step-up "required between Q3 and Q4 in order to achieve full-year guidance.
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