PulteGroup price target raised to $105 from $81 at UBS

UBS analyst John Lovallo raised the firm’s price target on PulteGroup to $105 from $81 and keeps a Buy rating on the shares. The company’s Q2 results were “solid” amid better volume and margins, the analyst tells investors in a research note. UBS is also raising its 2023 EPS view from $9.10 to $11.45, 2024 view from $8.50 to $10.50 and 2025 view from $8.95 to $10.00. PulteGroup’s current valuation is “relatively undemanding”, with industry activity now improving, UBS states.