Seaport Upgrades PulteGroup (PHM) to Buy, 'Lower Declines = Upgrade, Under-performance vs S&P = + Risk to Return & Better Run'

Seaport Global Securities analyst Kenneth Zener upgraded PulteGroup (NYSE: PHM) from Neutral to Buy with a price target of $155.00..

The analyst comments "We upgrade Pulte to Buy from Neutral, with its relative under-performance vs the market, stabilizing fundamentals, and 2Q25 guidance affirming a more favorable investment case. Past concerns over its Florida EBIT exposure, are fading, as the high asset returns, are more insulated from excess supply, tied to well-funded discretionary buyers, than previously thought. We modestly raise our FY25 to $11.18 and trim our FY26 to $10.10, on modest margin pressure, lower year-end inventory."

For an analyst ratings summary and ratings history on PulteGroup click here. For more ratings news on PulteGroup click here.

Shares of PulteGroup closed at $108.65 yesterday.

You May Also Be Interested In

• DA Davidson Upgrades Broadcom Limited (AVGO) to Buy, 'Looks Like AI Cycle Isn't Over Quite Yet'
• City Holding (CHCO) PT Raised to $147 at Keefe, Bruyette & Woods
• Match Group (MTCH) PT Raised to $52 at TD Cowen