Toll Brothers price target raised to $177 from $155 at Oppenheimer

Oppenheimer raised the firm’s price target on Toll Brothers (TOL) to $177 from $155 and keeps an Outperform rating on the shares ahead of quarterly results. Year-to-date, the shares have outperformed, up 13% versus a 1.3% gain in the S&P 500, the firm notes. While the political backdrop and market rotation have been supportive, Oppenheimer believes improving supply/demand fundamentals are also driving the stock. The firm expects in-line Q1 EPS with maintained guidance, accompanied by positive commentary.