Wells Fargo raised the firm’s price target on PulteGroup (PHM) to $135 from $125 and keeps an Overweight rating on the shares. The firm acknowledges that in retrospect, it should have been more bullish into PulteGroup. The company is one of the better operators in the group. Clearly, a chasm between the best executors and lower quality builders is emerging amidst the still tough op backdrop, Wells adds.
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