Citizens initiated coverage of PulteGroup (PHM) with an Outperform rating and $145 price target The firm sees the company’s move-up and active adult-focused sales mix “as capable of weathering” the affordability challenges. Citizens believes the increasing level of higher-margin Del Webb communities and Pulte’s share repurchases will be catalysts for the stock.
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Read More on PHM:
- PulteGroup price target lowered to $159 from $160 at UBS
- PulteGroup’s Strong Financial Position and Strategic Initiatives Justify Buy Rating
- PulteGroup price target raised to $115 from $98 at Barclays
- PulteGroup price target raised to $149 from $136 at JPMorgan
- PulteGroup initiated with a Neutral at BTIG