PulteGroup price target lowered to $100 from $117 at Barclays

Barclays lowered the firm’s price target on PulteGroup (PHM) to $100 from $117 and keeps an Equal Weight rating on the shares as part of a Q1 earnings preview for the homebuilding and building products group. The firm reduced housing starts assumptions and cut homebuilder and building products estimates. It expects guidance cuts, saying a “choppier” macro environment will weigh across end markets. Tariff uncertainty adds further risk to margin guides, especially for select products names, the analyst tells investors in a research note.