Barclays analyst Matthew Bouley raised the firm’s price target on PulteGroup to $75 from $58 and keeps an Overweight rating on the shares following quarterly results. Despite PulteGroup’s 32% year-to-date rally, the stock is trading at 1.3-times year-end 2023 TBV, a still-compelling valuation noting its 2023 ROTE estimate of 18.6%, the firm said in a research note on Friday.
Published first on TheFly
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