Buy Toll, sell Lennar as rich homebuyers outpace first-timers
An economy that’s been good for the rich makes shares of high-end homebuilders a better bet than those focused on entry-level buyers, according to one Wall Street analyst. Processing Content Keefe Bruyette & Woods’ Jade Rahmani this week upgraded luxury builder Toll Brothers Inc. to outperform and downgraded broader-based Lennar Corp., saying that the former […]
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