Evercore ISI raised the firm’s price target on Toll Brothers (TOL) to $169 from $167 and keeps an Outperform rating on the shares. Amid softer market conditions, Toll’s fiscal Q2 report “shines with impressive margin beats and a resilient outlook,” the analyst tells investors. The quarter highlights strong operational execution with a focus on maintaining robust margins and strategic capital allocation, reinforcing confidence in the company’s long-term prospects, the analyst added.
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