Toll Brothers up; J.P. Morgan upgrades to 'overweight'

Toll Brothers

04/12/2025 13:03

** 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

 (Reporting by Arnav Mishra in Bengaluru)

 ((Arnav.Mishra@thomsonreuters.com;))