BofA lowered the firm’s price target on PulteGroup (PHM) to $140 from $145 and keeps a Buy rating on the shares. The firm lowered homebuilder price objectives by 7% on average ahead of earnings and lowered its 2026 EPS estimates on homebuilders by 3% on average, primarily to reflect a more conservative order and gross margin outlook.
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Read More on PHM:
- PulteGroup price target lowered to $150 from $170 at Truist
- PulteGroup upgraded to Outperform from In Line at Evercore ISI
- PulteGroup price target lowered to $132 from $150 at Wells Fargo
- PulteGroup price target lowered to $112 from $115 at Barclays
- PulteGroup downgraded to Sell from Buy at Seaport Research