Seaport Research analyst Kenneth Zener upgraded PulteGroup (PHM) to Buy from Neutral with a $155 price target following the company’s Q2 report and guidance, which the firm sees “affirming a more favorable investment case.” The firm, which “modestly” raised its FY25 EPS forecast to $11.18 and trimmed its FY26 EPS view to $10.10, sees past concerns over the company’s Florida EBIT exposure fading and cites the stock’s relative under-performance compared to the market as well.
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Read More on PHM:
- PulteGroup upgraded to Buy from Neutral at Seaport Research
- Early notable gainers among liquid option names on July 22nd
- PulteGroup reports Q2 EPS $3.03, consensus $3.01
- PulteGroup reports Q2 net new orders totaled 7,083 homes with value of $3.9B
- PulteGroup price target raised to $132 from $125 at Oppenheimer