Toll Brothers price target raised to $150 from $145 at BofA

BofA analyst Rafe Jadrosich raised the firm’s price target on Toll Brothers (TOL) to $150 from $145 and keeps a Buy rating on the shares. The company reported a fiscal Q3 earnings beat s and maintained most of its full year guidance, the analyst tells investors in a research note. The firm believes Toll’s valuation remains attractive relative to other builders. It increased estimates to reflect higher community count growth.