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Fly News Breaks for October 14, 2019
TOL
Oct 14, 2019 | 09:16 EDT
As reported previously, Susquehanna analyst Jack Micenko downgraded Toll Brothers to Neutral from Positive. The analyst said the shares have outperformed the S&P and are now at the high end of their historical average forward P/E. He lowered his estimates as he tapered his outlook for sales pace improvement and operating leverage through next year. Micenko maintained his $42 price target on Toll Brothers shares.
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