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Stock Market & Financial Investment News

News Breaks
August 20, 2013
13:38 EDTTOLEarnings Preview: Toll Brothers sentiment positive ahead of Q3 report
Toll Brothers (TOL) is expected to report Q3 earnings on Wednesday, August 21 before the market open with a conference call scheduled for 2:00 pm ET. Toll Brothers is a designer and builder of luxury homes. EXPECTATIONS: Analysts are looking for EPS of 26c on revenue of $695.82M, according to First Call. The consensus range for EPS is 24c-30c on revenue of $660.0M-$728.34M. LAST QUARTER: Toll reported Q2 EPS of 14c against estimates for 7c on revenue of $516M against estimates for $511.06M. Q2 backlog was $2.5B, while Q2 backlog units were up 69%. STREET RESEARCH: Street research has been mostly positive since Tollís Q2 earnings report. On June 4, MKM Partners upgraded Toll to Buy from Neutral due to relative valuation. The firmís price target was $39. On June 19, Argus upgraded Toll to Buy from Hold with a price target of $42. The firm cited valuation. On June 24, Goldman Sachs initiated Toll with a Buy rating and $37 price target. PRICE ACTION: Since its Q2 results, Tollís shares have traded lower by about 15%, but are down only about 3% since the start of the year. In afternoon trading ahead of Wednesday's Q3 report, Toll is up over 2.5%.
News For TOL From The Last 14 Days
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May 22, 2015
14:43 EDTTOLToll Brothers volatility elevated into Q2 and outlook
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May 18, 2015
10:01 EDTTOLOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: A10 Networks (ATEN) upgraded to Overweight from Sector Weight at Pacific Crest... Cal-Maine Foods (CALM) upgraded to Overweight from Equal Weight at Stephens... ChemoCentryx (CCXI) upgraded to Overweight from Neutral at JPMorgan... Cheniere Energy Partners LP (CQP) upgraded to Buy from Neutral at Goldman... Chicago Bridge & Iron (CBI) upgraded to Neutral from Sell at Goldman... Continental Resources (CLR) upgraded to Buy from Neutral at Goldman... Ctrip.com (CTRP) upgraded to Overweight from Neutral at JPMorgan... Emerge Energy (EMES) upgraded to Buy from Neutral at Goldman... FEMSA (FMX) upgraded to Overweight from Equal Weight at Morgan Stanley... GoPro (GPRO) upgraded to Perform from Underperform at Oppenheimer... Holly Energy (HEP) upgraded to Buy from Neutral at Goldman... JP Energy (JPEP) upgraded on better visibility on volumes at RBC Capital... Laredo Petroleum (LPI) upgraded to Neutral from Sell at Goldman... Malvern Bancorp (MLVF) upgraded to Outperform from Market Perform at Keefe Bruyette... Newfield Exploration (NFX) upgraded to Buy from Neutral at Goldman... Norsk Hydro (NHYDY) upgraded to Overweight from Neutral at JPMorgan... Owens-Illinois (OI) upgraded to Neutral from Underperform at BofA/Merrill... Penn National (PENN) upgraded to Buy from Neutral at Goldman... Roche (RHHBY) upgraded to Buy from Neutral at UBS... Schnitzer Steel (SCHN) upgraded on stabilizing headwinds at KeyBanc... Seventy Seven Energy (SSE) upgraded to Buy from Hold at Jefferies... Toll Brothers (TOL) upgraded to Neutral from Underperform at Sterne Agee CRT... United Therapeutics (UTHR) upgraded to Buy from Neutral at BTIG... Volvo (VOLVY) upgraded to Neutral from Underweight at JPMorgan... Zayo Group (ZAYO) upgraded to Buy from Neutral at Goldman.
08:02 EDTTOLToll Brothers upgraded to Neutral from Underperform at Sterne Agee CRT
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May 15, 2015
10:01 EDTTOLOn The Fly: Analyst Downgrade Summary
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08:50 EDTTOLToll Brothers downgraded to Outperform from Strong Buy at Raymond James
Raymond James downgraded Toll Brothers to Outperform and reduced its price target to $41 from $45 citing lack of catalysts to propel shares higher and valuation.

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