Wells Fargo analyst Sam Reid raised the firm’s price target on Toll Brothers (TOL) to $130 from $125 and keeps an Overweight rating on the shares. The firm sees upside potential via stable margins in addition to a more favorable macro on the back of the equity market recovery, the analyst tells investors in a research note.
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Read More on TOL:
- Toll Brothers Announces Redemption of Senior Notes
- Toll Brothers management to meet with Oppenheimer
- Toll Brothers Completes $500M Senior Notes Offering
- Toll Brothers’ Strong Market Position and Financial Outlook Justify Buy Rating
- Toll Brothers price target lowered to $130 from $145 at Raymond James