BUZZ-Toll Brothers up; J.P. Morgan upgrades to 'overweight'
Shares of homebuilder Toll Brothersup 1.7% at $145.11 premarketJ.P. Morgan upgrades to “overweight” from “neutral” and raises PT to $161 from $138, implying a 12.8% upside to the stock’s last closeBrokerage anticipates that by 2026-end investors may reward slightly higher valuations to large builders12 of 18 brokerages covering TOL have a “buy” or higher rating, 4 “hold”, and rest “sell”; stock has a median PT of $157.50, according to data compiled by LSEGUp to last close, TOL up ~13% YTD
Shares of homebuilder Toll Brothers (TOL.N) up 1.7% at $145.11 premarket
J.P. Morgan upgrades to “overweight” from “neutral” and raises PT to $161 from $138, implying a 12.8% upside to the stock’s last close
Brokerage anticipates that by 2026-end investors may reward slightly higher valuations to large builders
12 of 18 brokerages covering TOL have a “buy” or higher rating, 4 “hold”, and rest “sell”; stock has a median PT of $157.50, according to data compiled by LSEG
Up to last close, TOL up ~13% YTD
