Loading...
Loading...
According to Goldman Sachs, PulteGroup
PHM Buy rating is reiterated.
Goldman Sachs said that Pulte is in the early stages of a turn-around that it expects will result in 300-500 bps of gross margins expansion, further cuts to SG&A dollars, and significantly tighter control of capital via lower land purchases in the future. “There is no change to our Street-high estimates; our $10 six-month target is P/E and P/B-based.”
PulteGroup closed yesterday at $7.46.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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