PulteGroup (PHM) Tops Q2 EPS by 28c, Revenues Beat
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Low Fed rates, flight to the suburbs set to boost U.S. homebuilders
July 21, 2020 1:46 PM EDTBy Ankit Ajmera
(Reuters) - U.S. homebuilders are expected to report a sharp rebound in sales and orders for the second quarter as record-low mortgage rates and the working-from-home changes brought on by the coronavirus encourage more Americans to move to less crowded suburbs.
A quarter ago most homebuilders were pulling their annual forecasts and bracing for a huge fall in orders due to mounting cancellations in the face of historic U.S. job losses that left buyers worried about their financial future.
Builders have been among the fastest recovering sectors from the initial round of... More
PulteGroup (PHM) PT Raised to $38 at Wedbush
July 21, 2020 10:58 AM EDTWedbush analyst Jay McCanless raised the price target on PulteGroup (NYSE: PHM) to $38.00 (from $29.00) while maintaining a Neutral rating.
... MorePulteGroup (PHM) PT Raised to $44 at Citi
July 21, 2020 6:15 AM EDTCiti analyst Anthony Pettinari raised the price target on PulteGroup (NYSE: PHM) to $44.00 (from $43.00) while maintaining a Buy rating.... More
Susquehanna Downgrades PulteGroup (PHM) to Neutral
July 21, 2020 6:09 AM EDTSusquehanna analyst Jack G. Micenko downgraded PulteGroup (NYSE: PHM) from Positive to Neutral.
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 $37.58 yesterday.
... More