PulteGroup price target raised to $104 from $90 at Barclays

Barclays analyst Matthew Bouley raised the firm’s price target on PulteGroup to $104 from $90 and keeps an Overweight rating on the shares. The company reported a strong Q2 margin performance and has significant cash flow potential and balance sheet capacity, the analyst tells investors in a research note. The firm sees an attractive valuation at current share levels.