Topeka Capital Starts PulteGroup (PHM) at Buy
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Price: $130.18 -0.28%
Rating Summary:
21 Buy, 9 Hold, 4 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
21 Buy, 9 Hold, 4 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Topeka Capital initiates coverage on PulteGroup (NYSE: PHM) with a Buy. PT $22.00.
The firm comments, "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."
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 $16.28 yesterday.
The firm comments, "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."
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 $16.28 yesterday.
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