Toll Brothers: There's Clear Recovery Potential (Rating Upgrade)

Company Overview - Toll Brothers, Inc. (TOL) is facing challenges in the housing market due to weak affordability, leading to a prolonged period of lower housing sales [1] - The company's high price point has been negatively impacted as its backlog has fallen [1] Market Conditions - The housing market is currently characterized by reduced affordability, which is affecting overall sales and demand [1] - The decline in backlog indicates a potential slowdown in future revenue generation for Toll Brothers [1]