Wells Fargo analyst Sam Reid initiated coverage of PulteGroup with an Overweight rating and $80 price target. PulteGroup offers a a balanced geographical and product mix as well as solid margins and returns, the analyst tells investors in a research note. Valuation is attractive and margins should stay best-in-class, Wells contends.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on PHM:
- Here’s What Makes the S&P 500 (SPY) ETF an Attractive Investment
- PulteGroup price target lowered to $100 from $102 at Evercore ISI
- PulteGroup price target lowered to $95 from $104 at Barclays
- PulteGroup call volume above normal and directionally bullish
- PulteGroup put volume heavy and directionally bearish