Toll Brothers downgraded to Market Perform from Outperform at Keefe Bruyette Keefe Bruyette downgraded Toll Brothers citing valuation following the company's Q1 results. The firm raised its price target for shares to $42 from $40.
Toll Brothers sees tax rate at 35% for balance of the year Says looking to expand City Living beyond New York. Sees more buyers this spring selling season. Says has more pricing power than in November and December.