Analyst Predicts Moderate Decline In Housing Starts For 2025, Upgrades PulteGroup
The upgrade to Neutral from Sell signals improved outlook. Strong earnings also support price stability, reflecting investor confidence.
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The upgrade to Neutral from Sell signals improved outlook. Strong earnings also support price stability, reflecting investor confidence.
What happened, with direct paths to the underlying reporting
Analyst upgrades PHM from Sell to Neutral with $100 price target. Historical declines suggest potential for asymmetric returns in housing sector. Expected new supply declines by 15%-20% in early 2025. Company reported strong Q4 revenues and EPS, surpassing expectations. PHM shares increased by 0.74%, trading at $106.76.
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