** BofA Global Research raises PT of homebuilder Toll Brothers TOL.N to $150 from $145; new PT represents a 14.1% upside to stock's last close
** Maintains rating at "buy"
** Co on Wednesday reported Q3 profit and revenue above Wall Street estimates
** BofA says co's order backlog is lower than last year, but TOL is seeing positive signs from steady growth in new communities, faster homebuilding, and a good balance between custom and ready-to-move-in homes
** Notes co's home sales margin was slightly better than expected last quarter driven by strong product and regional mix
** Twelve of 18 brokerages rate stock "buy" or higher, four "hold" and two "sell"; median PT is $150 - LSEG compiled data
** Including session's move, TOL up 3.9% YTD
(Reporting by Apratim Sarkar)
((Apratim.Sarkar@thomsonreuters.com))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.