tiprankstipranks
PulteGroup price target raised to $54 from $46 at RBC Capital
The Fly

PulteGroup price target raised to $54 from $46 at RBC Capital

RBC Capital analyst Mike Dahl raised the firm’s price target on PulteGroup to $54 from $46 but keeps a Sector Perform rating on the shares after its Q4 earnings beat. The company is "portraying optimism" while hedging itself with a wait and see approach to guidance given the upcoming selling season, the analyst tells investors in a research note. The stock still screens better relative to PulteGroup’s large cap peers based on its relative multiple/return profile, though after the "strong rally", the upside in the name may be limited, the firm adds.

Published first on TheFly

See today’s best-performing stocks on TipRanks >>

Read More on PHM:

Trending

Name
Price
Price Change
S&P 500
Dow Jones
Nasdaq 100
Bitcoin

Popular Articles