Toll Brothers downgraded to Neutral from Outperform at Credit Suisse Credit Suisse downgraded Toll Brothers to Neutral from Outperform following monthly survey results that indicate continued demand weakness and lower buyer traffic. The firm expects lower 1H 2014 absorption rates and margins. Price target is $39.
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.