PulteGroup (PHM) PT Lowered to $52 at BTIG

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Go back to PulteGroup (PHM) PT Lowered to $52 at BTIG

PulteGroup (PHM) Downgraded by BofA on Weaker Home Demand

July 27, 2022 4:06 PM EDT

BofA analyst Rafe Jadrosich downgraded PulteGroup (NYSE: PHM) to Neutral from Buy following the company's second-quarter earnings report, in which it topped earnings estimates but missed revenue expectations.

PulteGroup reported Q2 EPS of $2.73, $0.11 better than the analyst estimate of $2.62. Revenue for the quarter came in at $3.93 billion versus... More