Wells Fargo analyst Sam Reid raised the firm’s price target on PulteGroup to $150 from $130 and keeps an Overweight rating on the shares. The firm likes PulteGroup post Q2. The gross margin percentage and FL/TX uncertainty weighed in early trading, but shares recovered, in part as investors digested a still very solid print/long-term outlook, Wells says. All-in, PulteGroup screens attractive even post the “rotation” rally, the firm adds.
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