PulteGroup price target lowered to $131 from $136 at Barclays

Barclays analyst Matthew Bouley lowered the firm’s price target on PulteGroup to $131 from $136 and keeps an Overweight rating on the shares. The analyst expects guidance and estimate reductions across the homebuilding and building products space this earnings season, but says sentiment is “already downbeat and much may already be priced in.” The firm reduced estimates and price targets ahead of the Q2 reports.