Barclays analyst Matthew Bouley lowered the firm’s price target on PulteGroup (PHM) to $112 from $115 and keeps an Equal Weight rating on the shares. The firm adjusted targets in the homebuilding and building products space as part of a Q1 earnings preview. Barclays favors building products and distributor names with pricing power and/or vertical integration. Investors should continue to avoid homebuilders as 2026 “shapes up to be a potential lost year,” the analyst tells investors in a research note.
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