Goldman Sachs Upgrades PulteGroup (PHM) to Conviction Buy
Get Alerts PHM Hot Sheet
Price: $120.62 +2.21%
Rating Summary:
20 Buy, 11 Hold, 2 Sell
Rating Trend: Down
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
Rating Summary:
20 Buy, 11 Hold, 2 Sell
Rating Trend: Down
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
Join SI Premium – FREE
Goldman Sachs added PulteGroup (NYSE: PHM) to its Conviction Buy list with a $10 price target on Wednesday.
The analyst said PulteGroup is the "sole name across our universe where investors are already being paid to wait for the housing recovery."
Goldman notes the shares have significantly underperformed peers, down 38% over the 12 months, versus a 6% rise for peers and a 11% rise in the S&P. The stock now trades at a 25-40% discount to peers on key metrics.
For more ratings news on PulteGroup click here and for the rating history of PulteGroup click here.
Shares of PulteGroup closed at $7.14 yesterday.
The analyst said PulteGroup is the "sole name across our universe where investors are already being paid to wait for the housing recovery."
Goldman notes the shares have significantly underperformed peers, down 38% over the 12 months, versus a 6% rise for peers and a 11% rise in the S&P. The stock now trades at a 25-40% discount to peers on key metrics.
For more ratings news on PulteGroup click here and for the rating history of PulteGroup click here.
Shares of PulteGroup closed at $7.14 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Cleveland-Cliffs (CLF) lifted to buy at GLJ Research as it looks like 'smooth sailing' ahead
- GE Vernova (GEV) and Solventum (SOLV) to Join S&P 500; Dentsply Sirona (XRAY) to Join S&P MidCap 400; Others to Join S&P SmallCap 600
- Valero Energy (VLO) PT Raised to $197 at UBS
Create E-mail Alert Related Categories
Hot Upgrades, UpgradesRelated Entities
Goldman Sachs Conviction Buy List, Goldman Sachs, Standard & Poor'sSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!