UPDATE: Williams Financial Group Initiates Toll Brothers at Hold

Williams Financial Group has published a research report on Toll Brothers (NYSE: TOL) and has initiated coverage on the company with a Hold rating and $26 price target.

In the report, Williams Financial Group writes, "Given the more recent macro improvements and firming of market conditions, we are increasingly bullish on the homebuilding sector as a whole. We are not ready to call recovery, but the better positioned homebuilders should benefit from the spring selling season and as further confirmation of macro improvements become transparent."

Toll Brothers is currently trading up $0.03 from Friday's $24.03 closing price.