Market Overview

UPDATE: Topeka Capital Markets Initiates PulteGroup at Buy; Move-Up Buyer Focus To Yield Growth

Share:
Related PHM
UPDATE: Pulte Founder's Full Letter to Co. Board
Raymond James Downgrades PulteGroup, Believes 'Overhangs Linger'
10 Most Undervalued Companies For The Enterprising Investor - June 2016 (Seeking Alpha)

Topeka Capital Markets initiated coverage on PulteGroup (NYSE: PHM) with a Buy rating and a $22 price target.

Topeka Capital Markets noted, "We believe the catalysts for PulteGroup are pricing power at 70% of active neighborhoods, reduced speculative home sales, and growing demand for move-up homes. We anticipate PHM's restructuring efforts over the last two years should result in approximately 70.0% YoY 2013 EPS growth."

PulteGroup closed at $16.28 on Thursday.

Latest Ratings for PHM

DateFirmActionFromTo
Apr 2016Raymond JamesDowngradesOutperformMarket Perform
Apr 2016BarclaysUpgradesUnderweightEqual-weight
Apr 2016JP MorganDowngradesOverweightNeutral

View More Analyst Ratings for PHM
View the Latest Analyst Ratings

Posted-In: Topeka Capital MarketsAnalyst Color Initiation Pre-Market Outlook Analyst Ratings

 

Related Articles (PHM)

View Comments and Join the Discussion!