Toll Brothers shares are trading higher amid strength in homebuilder stocks. Wells Fargo raised its price target on the stock from $142 to $150.
Portfolio Pulse from Benzinga Newsdesk
Toll Brothers shares are trading higher due to strength in homebuilder stocks and a price target increase from Wells Fargo, from $142 to $150.
May 15, 2024 | 5:45 pm
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POSITIVE IMPACT
Toll Brothers shares are trading higher due to a positive sentiment in homebuilder stocks and a price target increase by Wells Fargo from $142 to $150.
The increase in price target by a major financial institution like Wells Fargo typically boosts investor confidence, leading to a rise in stock price. Additionally, the overall strength in the homebuilder sector further supports the positive movement in Toll Brothers' shares.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100