Toll Brothers updated February 26, 2020

Toll Brothers is updated and rated (higher) Buy at $37.90. It just reported weak figures for Q4 but also reported sharply higher contracts for new houses which will show up in earnings when the houses are completed and “delivered” nine to twelve months from now. U.S. home starts and homes sales are strong and this will be a tailwind for Toll Brothers in 2020.

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