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Add as a preferred source on GoogleStoneX Starts Coverage of Three Homebuilders, Rates Toll Brothers Buy
The firm set a $165 price target for Toll Brothers and cited mortgage-rate pressure on the housing sector, particularly for entry-level buyers.
StoneX assigned Toll Brothers a Buy rating and a $165 price target as it began coverage of the homebuilder. The firm also opened coverage of D.R. Horton and KB Home.
StoneX said rising mortgage rates are weighing on the housing sector, particularly for entry-level buyers. It described Toll Brothers as a relative outperformer.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.