PulteGroup price target raised to $68 from $54 at RBC Capital

RBC Capital analyst Mike Dahl raised the firm’s price target on PulteGroup to $68 from $54 and keeps a Sector Perform rating on the shares after its Q1 earnings beat that showed stronger demand and margins stabilizing at higher levels. The firm notes that while there are risks to sustainability of demand, PulteGroup’s balanced return-focused model continues to produce peer leading return on tangible equity.