Toll Brothers price target raised to $156 from $140 at Goldman Sachs

Goldman Sachs raised the firm’s price target on Toll Brothers (TOL) to $156 from $140 and keeps a Neutral rating on the shares. Channel checks indicate housing activity slowed into year-end, requiring higher incentives to support new-home closings and weighing on builder gross margins despite modest revenue beats, the analyst tells investors in a research note. Building products companies are likely to meet conservative EPS guidance, but any Q4 upside may be tempered by cautious 2026 outlooks given limited demand visibility, the firm says.