Deutsche Bank Upgrades PulteGroup (PHM) to Buy
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PulteGroup (PHM) PT Raised to $25 at UBS
July 22, 2016 8:15 AM EDTUBS analyst Susan Maklari raised her price target on Buy-rated PulteGroup (NYSE: PHM) to $25.00 (from $22.00) following Q2 results with a continued focus on returns and capital allocation.
Maklari commented, "Pulte's 2Q results support our optimistic outlook on the company. The outperformance was... More
JPMorgan Upgrades PulteGroup (PHM) to Overweight
July 22, 2016 7:14 AM EDTJPMorgan upgraded PulteGroup (NYSE: PHM) from Neutral to Overweight with a price target of $26.00.
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 $21.51 yesterday.
... MorePulteGroup (PHM) Shares Ramp to Session Highs
July 21, 2016 12:16 PM EDTPulteGroup (NYSE: PHM) shares are ramping to session highs as the company is highlighted on CNBC at midday. Shares are up around 4 percent.
NOTE: Earlier, Elliott said PulteGroup should trade around $35 - $40 per share.
... MorePulteGroup (PHM) Could Trade to $35-$40 with New Value Creation Plan, Elliott Associates Says - CNBC
July 21, 2016 11:37 AM EDTActivist hedge fund Elliott Associates and PulteGroup (NYSE: PHM) have a new agreement, according to CNBC's Scott Wapner.
Elliott believes shares could trade to $35-$40 with the new valuation creation plan.
... More
PulteGroup (PHM) Tops Q2 EPS by 2c; Announces Next Phase of Value Creation; Updates on CEO Search
July 21, 2016 6:32 AM EDTPulteGroup (NYSE: PHM) reported Q2 EPS of $0.34, $0.02 better than the analyst estimate of $0.32. Revenue for the quarter came in at $1.8 billion versus the consensus estimate of $1.66 billion.
Company Announces Next Phase of Value Creation
The Company also announced the next phase of its Value Creation strategy, with plans to drive greater overhead leverage, moderate the growth of future land investment, and increase share repurchase activities consistent with stated capital allocation priorities. These actions build on the highly successful initiatives it launched in 2011 in support of efforts to deliver higher returns on... More
