Evercore ISI raised the firm’s price target on Toll Brothers (TOL) to $184 from $181 and keeps an Outperform rating on the shares after the company reported Q4 adjusted diluted EPS of $4.81, excluding $24.1M in homebuilding impairments and write-offs, versus the firm’s $4.40 estimate and Street consensus of $4.34. The firm calls Q4 a “strong quarter,” pointing to beats in gross margin, new orders and closings.
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