Fly News Breaks for March 4, 2020
Mar 4, 2020 | 07:36 EDT
Wedbush added Toll Brothers to its Best Ideas List, saying that order growth has surpassed its estimate for the last two quarters and that due to easy prior-year comps and sequential community growth through fiscal year 2020, the firm anticipates double-digit percentage order growth will be achievable for the remainder of fiscal year 2020. The company's profitability should ramp from fiscal year 2020 to fiscal year 2021 via the two price increases Toll Brothers has announced already in 2020 with more potentially coming, Wedbush contended. The firm has an Outperform rating and a $48 price target on the shares.
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