Deutsche upgrade their recommendation on Toll Holdings (TOL) from HOLD to BUY with a price target of $6.10 (14% above the current market price)

Deutsche upgrade their recommendation on Toll Holdings (TOL) from HOLD to BUY with a price target of $6.10 (14% above the current market price). The analysts note three reasons for the upgrade, their strong core business, solid cost controls and the shares are trading at a discount with only 3.4% underlying EBITA growth factored into the stockbroker's FY14 forecasts. On the flip side CIMB have downgraded TOL to neutral but believe that the company will prove to be a good investment for investors with a horizon of 12 months or longer.


MORE ON



2 topics

Livewire News brings you a wide range of financial insights with a focus on Global Macro, Fixed Income, Currencies and Commodities.

Expertise

No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.