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Fly News Breaks for February 27, 2020
TOL
Feb 27, 2020 | 08:16 EDT
RBC Capital analyst Michael Dahl lowered the firm's price target on Toll Brothers to $47 from $50 but keeps an Outperform rating on the shares. The analyst cites the company's Q1 earnings miss and sees its "margin reset" as disappointing, but urges investors to buy the dip with orders and buybacks seen as intact. At 1.0-times his expected tangible book value, Dahl believes the stock offers a "compelling" value opportunity.
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