UPDATE: Williams Financial Group Upgrades PulteGroup to Buy, Raises PT

Loading...
Loading...
In a report published Wednesday, Williams Financial Group upgraded its rating on PulteGroup
PHM
from Hold to Buy, and raised its price target from $13.00 to $17.00. Williams Financial noted, “We have been encouraged over the last couple of quarters as PHM seems to be finally realizing the benefits from its ongoing strategies to drive improvements through its existing communities while controlling costs across the entire business. The company's long land position and significant mothballed land combined with somewhat subdued growth vs. peers over the last few quarters has tempered our view of the company's ability to fully participate and capitalize on the improving housing sector growth. However, after meaningfully improved operational metrics and in-line new order growth combined with the substantial move-up segment sales improvements, we have turned more positive on PHM's longer-term outlook.” PulteGroup closed on Tuesday at $14.67.
date
ticker
name
Price Target
Upside/Downside
Recommendation
Firm
Posted In: Analyst ColorUpgradesPrice TargetAnalyst RatingsWilliams Financial Group
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!

Loading...