PulteGroup price target raised to $73 from $68 at Oppenheimer

Oppenheimer analyst Tyler Batory raised the firm’s price target on PulteGroup to $73 from $68 and keeps an Outperform rating on the shares. The firm reiterated the stock as a top pick in the homebuilder sector, and expects multiple expansion given a positive backdrop for builders broadly and because PulteGroup will likely have the highest ROE in the space this year, the analyst tells investors in a research note.