UPDATE: JPMorgan Upgrades PulteGroup (PHM) to Overweight

(updating comment)

JPMorgan analyst Michael Rehaut upgraded PulteGroup (NYSE: PHM) from Neutral to Overweight with a price target of $41.00 (from $28.00).

The analyst comments "We upgrade PulteGroup (PHM) to Overweight from Neutral, as we believe its attractive relative valuation does not properly reflect our outlook for continued above average gross and operating margins as well as ROE in 2020."

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 $36.32 yesterday.

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