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Stock Market & Financial Investment News

News Breaks
March 12, 2014
06:13 EDTTOLToll 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.
News For TOL From The Last 14 Days
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July 2, 2015
12:37 EDTTOLToll Brothers management to meet with MKM Partners
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June 19, 2015
14:26 EDTTOLHomebuilders advance after KB Home reports earnings
Shares of homebuilder stocks are rallying in a down market after group member KB Home (KBH) reported second quarter EPS of 10c on revenue of $623M, beating consensus estimates of 8c and $619M, respectively. Net orders grew 33% to 3,015 in the current quarter, compared to 2,269 in the year-earlier quarter, largely driven by expansion in the company’s average community count. PRICE ACTION: In afternoon trading KB Home is up about 10% to $16.46. Other homebuilder stocks are moving up as well, with DR Horton (DHI) and PulteGroup (PHM) each up about 2% and Lennar (LEN) up 3%.

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