Toll Brothers: Valuation Has Already Priced In Near-Term Upside
Toll Brothers(TOL) Seeking Alpha·2024-09-03 10:36
Jessie Casson/DigitalVision via Getty Images Investment overview I give a hold rating for Toll Brothers (NYSE:TOL) as valuation multiples have already priced in the near-term upside. However, I want to highlight the positive demand trend that should last for the foreseeable future given the favorable housing supply situation and lower rate outlook. Positive revenue growth should translate into higher EPS growth as margin benefits from lower rates and better operating efficiencies. Business description T ...