Analyst Predicts Moderate Decline In Housing Starts For 2025, Upgrades PulteGroup
1. Analyst upgrades PHM from Sell to Neutral with $100 price target. 2. Historical declines suggest potential for asymmetric returns in housing sector. 3. Expected new supply declines by 15%-20% in early 2025. 4. Company reported strong Q4 revenues and EPS, surpassing expectations. 5. PHM shares increased by 0.74%, trading at $106.76.