Toll Brothers Stock A Buying Opportunity Amid Rising Mortgage Rates: Analyst

Wedbush analyst Jay McCanless upgraded Toll Brothers, Inc. TOL to Outperform from Neutral, raising the price forecast to $175 from$148.The analyst indicates that the recent dip in the company’s shares due to rising mortgage rates has created a buying opportunity.With the stock market recently reaching all-time highs, this could positively influence demand. Additionally, the analyst notes recent positive demand commentary from Toll’s publicly traded competitors.McCanless points out that the average Toll buy ...