PulteGroup Shares Rise Following Analyst Upgrades
PulteGroup (NYSE:PHM) shares rose by 1.8% in pre-market trading after Wolfe Research upgraded the company to Outperform from Peerperform, citing its stronger earnings resilience compared to competitors. The firm noted that PulteGroup's 2026 EPS forecast had only been reduced slightly—by just 2.7% since January—which is significantly better than an average reduction of 21.4% for the homebuilder peer group. Citizens also maintained its Market Outperform rating on PulteGroup with a $145 price target, pointing to strong demand in move-up and active adult housing segments. The stock's rise came despite a subdued broader market, as the S&P 500 fell by 0.1% and the Nasdaq dropped 0.5%. Other homebuilders also saw modest gains but PulteGroup outperformed due largely to analyst upgrades. PulteGroup reported second-quarter earnings of $2.48 per share, beating expectations by $0.12. The company's management described market conditions as reflecting
Topics: Citizens rating EPS performance PulteGroup Wolfe Research upgrade