UBS lowered the firm’s price target on PulteGroup (PHM) to $159 from $160 and keeps a Buy rating on the shares. UBS believes 2026 is poised to be a better year for homebuilding, as builders have moderated production, helping to stabilize/reduce inventory in certain key markets, while overall housing supply remains constrained relative to history, the analyst tells investors in a research note. The firm thinks incremental improvement in the macro could catalyze sentiment and the stocks.
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Read More on PHM:
- 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
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