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Fly News Breaks for March 7, 2019
TOL
Mar 7, 2019 | 06:45 EDT
JPMorgan analyst Michael Rehaut downgraded Toll Brothers to Underweight and lowered his price target for the shares to $32 from $33. The analyst says Toll's fundamental outlook, featuring 2019 order growth of negative 13% and 2020 gross margin contraction of 50 basis points, is below average.
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