BofA raised the firm’s price target on Toll Brothers (TOL) to $180 from $160 and keeps a Buy rating on the shares. The firm notes Toll Brothers reported Q1 EPS above estimates, primarily due to higher deliveries and gross margin. BofA believes valuation remains attractive relative to other builders with similar ROE profiles.
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Read More on TOL:
- Toll Brothers price target raised to $161 from $144 at RBC Capital
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- Toll Brothers price target raised to $180 from $177 at Oppenheimer
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