Goldman Sachs is out with its report today on PulteGroup PHM, reiterating Conviction Buy.
In a note to clients, Goldman Sachs writes, "We reiterate our Conviction Buy on Pulte as the company continues to deliver on its turn-around plan. For 2011 Pulte previously set out a number of goals including: (1) growth in adjusted gross margins, (2) a $100 mn cut in SG&A expense, (3) significantly lower ancillary and inventory writedowns, and (4) a new CFO. To date Pulte has delivered on each piece of its plans and we expect improving execution as the year progresses."
Goldman Sachs has a $10 PT on PHM.
Shares of PHM closed Monday at $7.79, down 2.14% from Friday's close.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in