PulteGroup (PHM) Upgraded to Outperform with $158 Price Target
Published on · Source: cnbc.com
AI Summary
Summarized by AI from the source belowWolfe Research upgraded PulteGroup Inc. (PHM) to 'outperform' from 'peer perform' with a target price of $158. The upgrade is based on an increase in built-to-order (BTO) construction projects, expected to drive higher gross margins. Shares rose nearly 1% in late afternoon trading. Wolfe expects BTO to account for 45% of 2Q Orders, aiming for a 60% target by 2027, with an anticipated 50 basis point tailwind to gross margins over time. This update is relevant for investors considering opportunities in the housing market and construction sector.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
About PulteGroup Inc. (PHM)
PulteGroup is one of the largest U.S. homebuilders.
The Consumer Discretionary sector covers retailers, automakers and leisure companies whose sales rise and fall with consumer confidence.
Earlier PHM news
- Data Center Legislation and $1 Trillion AI Spending by 2027
- Nvidia (NVDA) and PulteGroup Collaborate on Home Data Centers
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