Toll Brothers Stock Flat Despite Analyst Upgrade

Goldman Sachs upgraded Toll Brothers Inc (NYSE:TOL) to "neutral" from "sell" earlier, with the analyst in coverage noting the homebuilder's outperformance due to new home sales, as well as tailwinds from customization and upgrades. TOL was last seen flat at $119.32.Analysts were already bullish toward TOL coming into today, with 12 of the 18 in question calling it a "buy" or better, while the 12-month consensus target price of$138.39 is a lofty 15.4% premium to current levels.The equity is not far off its ...