PulteGroup price target raised to $126 from $120 at Barclays

Barclays raised the firm’s price target on PulteGroup to $126 from $120 and keeps an Overweight rating on the shares. The company’s Q3 order strength is a positive signal for 2024, the analyst tells investors in a research note. Margins were guided to assume no change in incentives, which is conservative, though rising land costs could impact margins into 2025, says Barclays.