BUZZ-Toll Brothers rises after Wells Fargo lifts PT

Reuters05-15

** Homebuilder Toll Brothers' shares rise 3% to $131.50 in early trading

** Wells Fargo lifts price target to $150 from $142, reiterates "overweight" rating

** New PT represents ~18% upside to stock's last close

** Brokerage cites "TOL's strong balance sheet & stepped-up production focus"

** 13 brokerages rate the stock "buy" or higher, four "hold" and two "sell"; their median PT is $135 - LSEG data

** Stock had risen ~24% YTD

(Reporting by Aatreyee Dasgupta)

((Aatreyee.Dasgupta@thomsonreuters.com))

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