BofA analyst Rafe Jadrosich raised the firm’s price target on PulteGroup (PHM) to $127 from $120 and keeps a Buy rating on the shares. Q1 results beat expectation, but 2025 guidance was lowered on weaker demand, notes the analyst, who calls the outlook “better than expected in a tough environment.” Following the report, the firm contends that Pulte has attractive ROE and capital return relative to other builders and it expects resilient order/margin performance in a tough backdrop.
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Read More on PHM:
- PulteGroup: Strong Financial Performance and Strategic Adjustments Justify Buy Rating
- PulteGroup price target lowered to $98 from $100 at Barclays
- PulteGroup Reports Solid Q1 2025 Earnings
- PulteGroup reports Q1 EPS $2.57, consensus $2.42
- PulteGroup reports Q1 net new orders of 7,765 homes with a value of $4.5B