RBC Capital raised the firm’s price target on PulteGroup (PHM) to $116 from $109 and keeps a Sector Perform rating on the shares after its Q4 earnings beat. The company also delivered a relatively resilient Q1 and FY2 gross margin guide, which demonstrated a priority for price vs. pace in the current environment, the analyst tells investors in a research note.
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Read More on PHM:
- PulteGroup price target lowered to $145 from $156 at BTIG
- PulteGroup price target lowered to $117 from $125 at Barclays
- PulteGroup Announces Strong Q4 2024 Financial Results
- PulteGroup reports Q4 adjusted EPS $4.43, consensus $3.27
- PulteGroup announces $1.5B increase to share repurchase authorization