Toll Brothers price target raised by $14 at Deutsche Bank, here’s why

Deutsche Bank raised the firm’s price target on Toll Brothers to $110 from $96 and keeps a Buy rating on the shares. For homebuilders, the firm remains positive on the group ahead of what it anticipates will be a strong spring selling season with or without a drop in interest rates, although it continues to prefer certain stocks to others on the basis of asset efficiency and capital discipline. The analyst reiterates DR Horton (DHI) and Meritage Homes (MTH) Meritage as Top Picks and adds Toll Brothers (TOL) following its strong earnings report earlier this week.