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Fly News Breaks for May 22, 2017
TOL
May 22, 2017 | 08:10 EDT
RBC Capital analyst Robert Wetenhall expects Toll Brothers' Q2 results to beat analysts' consensus outlook by a small amount. The analyst cites "favorable" existing home sales data and the 16% increase in the company's new orders it announced in February as reasons to be optimistic about the stock. The analyst predicts "investors will be focused on the relative strength of demand trends against the backdrop of what appears to be a strong spring selling season." He keeps a $43 price target and Outperform rating on the stock.
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