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Goldman Sachs Reiterates Buy Rating On PulteGroup


According to Goldman Sachs, PulteGroup (NYSE: 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.

Posted-In: Goldman Sachs PulteGroupAnalyst Color Analyst Ratings


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