Toll Brothers rises after KBW lifts rating, PT
BUZZ-Toll Brothers rises after KBW lifts rating, PT ** Shares of homebuilder Toll Brothers TOL.N rise 1.4% to $139.06 premarket
** KBW upgrades rating to "outperform" from "market perform"
** Says upgrade reflects "resilient luxury demand, a long-land inflation hedge, and improved fundamental tone coming out of Q2"
** Brokerage lifts TOL price target to $161 from $158, representing a 17.4% upside to the last close
** Says TOL's affluent positioning insulates it from entry-level softness amid challenging, K-shaped housing market, with a buyer base of high credit scores, large downpayments and meaningful cash-buyers
** 14 of 20 brokerages rate the stock "buy" or higher, 5 "hold" and 1 "sell"; their median PT is $165 - LSEG-compiled data
** As of last close, stock had risen 1.4% YTD
(Reporting by Aatreyee Dasgupta)