Toll Brothers price target raised to $130 from $122 at RBC Capital

RBC Capital raised the firm’s price target on Toll Brothers to $130 from $122 and keeps an Outperform rating on the shares after its Q2 results. The stock sold off despite the Q2 earnings beat and guidance raise as the company failed to clear a high bar on margin guide, though the management’s second-half outlook is likely conservative as high-end homebuilder demand is showing resilience, the analyst tells investors in a research note.