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
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