Toll Brothers updated February 8, 2020

Our report on Toll Brothers (the U.S. luxury home builder) is updated and rated (lower) Buy at $47.27. Its home sales have been increasing since early last Summer but contracts to build a home do not show up in revenue and earnings until the home is built and turned over to the customer an average of nine to twelve months later. This stock is up an impressive 31% since our last update on August 23.

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