Toll Brothers (TOL) NewsBite - TOL Upgraded By Credit Suisse

Posted: Monday, December 01, 2008 2:01 PM EDT

Toll Brothers (TOL) was upgraded today by analysts at Credit Suisse and the stock is now at $18.01, down $1.92 (-9.63%) on volume of 2,818,067 shares traded. Credit Suisse upgraded TOL today from Underperform to Neutral and raised its price target to $20. Over the last 52 weeks the stock has ranged from a low of $13.55 in November to a high of $28.00 in September. Toll Brothers stock has been showing support around $18.81 and resistance in the $20.77 range. Technical indicators for the stock are bullish and S&P gives TOL a positive 4 STARS (out of 5) buy ranking. If you are looking for a hedged play on TOL the stock seems like it could be a candidate for a December out-of-the-money bull-put credit spread below the 12.5 range. [ABR-Seven Summits Strategic Investments NewsBite]

Click Symbol For More News On: (TOL)