Goldman Sachs Resumes Toll Bros. (TOL) at Buy

Goldman Sachs resumes coverage on Toll Bros. (NYSE: TOL) with a Buy. PT $37.00.

"We resume coverage of Toll Brothers with a Buy rating, as we believe the company is ideally positioned in the luxury homebuilding market and we expect Toll to gain market share while expanding margins during the next few years," the analyst said . "We expect the smoothest and most sustained homebuilding recovery in the luxury homebuilding market, as the high-income homebuyer has the purchasing power to participate in the housing recovery while not being as affected by the âdifficultiesâ in the mortgage market."

For an analyst ratings summary and ratings history on Toll Bros. click here. For more ratings news on Toll Bros. click here. Shares of Toll Bros. closed at $31.70 yesterday, with a 52 week range of $25.24-$39.25.

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