Toll Brothers price target raised to $97 from $90 at RBC Capital

RBC Capital raised the firm’s price target on Toll Brothers to $97 from $90 and keeps an Outperform rating on the shares after its Q4 earnings beat. The analyst cites the company’s stronger margins and closings, also noting its product mix tailwinds supporting above-average order growth. Sustained gross margin strength, coupled with solid free cash flow and buybacks, can drive further relative outperformance for Toll Brothers shares, the firm tells investors in a research note.