BTIG analyst Carl Reichardt raised the firm’s price target on PulteGroup to $100 from $83 and keeps a Buy rating on the shares after its Q2 results. The company’s earnings beat was driven by better closings, average selling prices, and gross margins than the firm had anticipated, the analyst tells investors in a research note. BTIG is also raising its 2023 EPS estimate to $11.69 from $9.76 and its 2024 estimate to $12.65 from $10.41.
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