Goldman Sachs Maintains Top Rating On PulteGroup (PHM)

Goldman Sachs raised estimates and reiterated their Conviction Buy list rating on PulteGroup (NYSE: PHM) following results.

The firm raised 2011-13 estimates to $0.07/$0.45/$0.85 from $0.02/$0.40/$0.80 to reflect better profitability. They maintained their $10 price target.

The firm said, "we believe a number of 1Q11’s positive factors will further aid Pulte's return to profitability this year." Some of those positive factors are better sales trend, with 1% order growth, Virtually no write-downs, and better margins.


For more ratings news on PulteGroup click here and for the rating history of PulteGroup click here.

Shares of PulteGroup closed at $8.24 yesterday.

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