Toll Brothers price target raised to $160 from $150 at Wells Fargo

Wells Fargo raised the firm’s price target on Toll Brothers (TOL) to $160 from $150 and keeps an Overweight rating on the shares. The firm came away from Toll’s Q3 earnings report and call constructive despite no precise delivery color on fiscal 2026, the analyst tells investors in a research note. Constructive month-to-date commentary, incentive and cost discipline, and cycle time levers are decisive positives, the firm argues.