Actionable news
All posts from Actionable news
Actionable news in TOL: TOLL BROTHERS Inc,

One Reason Why Toll Brothers (TOL) Stock Closed Lower Today

NEW YORK (TheStreet) -- Shares of Toll Brothers (TOL) closed down 1.08% to $27.94 on Monday as Credit Suisse cut its rating on the stock to "neutral" from "outperform," the Fly reports.

Toll Brothers is a Horsham, PA-based luxury home builder.

Credit Suisse is less constructive on the company's exposure to the high-end market in the near-term due to lagging high-end trends in the Northeast and Mid-Atlantic, according to the Fly. The firm also cited recent financial market volatility.

The firm also lowered its price target to $30 from $34 on Toll stock.