Wells Fargo raised the firm’s price target on Toll Brothers to $150 from $142 and keeps an Overweight rating on the shares. The firm notes shares have rightfully outperformed year-to-date, but it sees room to run post EPS against potential for an Q2 beat, upward guide revision and upbeat long-term commentary. Toll is Wells’ top builder pick, with healthy runway of solid growth/returns on deck.
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