BofA analyst Rafe Jadrosich raised the firm’s price target on PulteGroup to $82 from $71 and keeps a Buy rating on the shares. BofA sees slightly better-than-normal seasonality on Q2 orders given robust new home demand through early June and sequential improvement in gross margins in 2H23 on lower incentives and better pricing and modest input cost tailwinds, the analyst tells investors in a research note.
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Published first on TheFly
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