Wedbush cuts Toll Brothers PT on slower order growth outlook

** Wedbush cuts price target on luxury homebuilder Toll Brothers TOL.N to $165 from $175, a premium of 32.9% from the stock's last close

** Brokerage expects slower order growth and slightly reduced revenue estimates for FY26, mainly due to weaker-than-expected order trends across the homebuilding sector

** Wedbush cuts FY26 revenue forecast to $11.4 bln from $11.7 bln

** However, maintains "outperform" rating, anticipating modest revenue growth despite stagnant mortgage rates

** Twelve of 18 brokerages rate the stock "buy" or higher, four "hold" and two "sell"; their median PT is $134 - data compiled by LSEG

** As of last close, stock had risen 1.4% YTD