BUZZ-Raymond James cuts Toll Brothers price target amid 2025 margin concerns

Reuters12-17
BUZZ-Raymond James cuts Toll Brothers price target amid 2025 margin concerns

** Shares of luxury home builder Toll Brothers TOL.N down 0.4% at $134.01 in premarket trading

** Raymond James cuts PT on TOL's stock to $165 from $170

** Brokerage lowers PT citing ongoing market concerns about potential margin pressures in 2025, impacting the homebuilding sector

** Raymond James, however, reiterates "strong buy" rating, given TOL's dominant position in the luxury market

** Eleven of 19 brokerages rate the stock "buy" or "higher", six "hold" and two "sell"; with a median PT of $164.50, according to data compiled by LSEG

** Up to last close, shares up about 31% YTD

(Reporting by Rupali Chaudhary in Bengaluru)

((Rupali.Chaudhary@thomsonreuters.com))

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