Evercore ISI lowered the firm’s price target on PulteGroup (PHM) to $163 from $165 and keeps an Outperform rating on the shares. The firm notes PulteGroup delivered a strong Q2 performance, beating expectations on gross margin and SG&A, despite a tough market environment. The company’s consistent execution aligns with the “Less is More” strategy, positioning it for potential revaluation as market conditions stabilize.
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