Citi lowered the firm’s price target on Toll Brothers (TOL) to $123 from $137 and keeps a Neutral rating on the shares. The firm lowered its 2025 earnings estimate by 3% to reflect impairments in Q1 and softer spring season demand, while its 2026-2027 estimates by 4% as a slower sales pace in 2025 impacts 2026 deliveries. While Toll Brothers’ recent Q1 EPS miss was driven by the timing of non-core multifamily sales, the company called out mixed results in the early spring season, with higher inventories in certain markets pressuring price for its lower-end offerings, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TOL:
- Toll Brothers price target lowered to $145 from $165 at Raymond James
- Could Lumber Tariffs Shake Foundations of Homebuilder Stocks like DR Horton and Toll Brothers?
- Toll Brothers price target lowered to $150 from $170 at Wells Fargo
- Toll Brothers price target lowered to $140 from $156 at BofA
- Toll Brothers Maintains Strong Market Position with Resilient Strategy Amid Challenges