Wells Fargo Initiates Coverage On PulteGroup with Overweight Rating, Announces Price Target of $80
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Sam Reid has initiated coverage on PulteGroup (NYSE:PHM) with an Overweight rating and a price target of $80.
October 17, 2023 | 9:06 am
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POSITIVE IMPACT
PulteGroup has received an Overweight rating from Wells Fargo with a price target of $80.
The Overweight rating from Wells Fargo indicates a positive outlook for PulteGroup. The price target of $80 suggests that the analyst expects the stock to outperform in the short term. This could lead to an increase in the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Wells Fargo has initiated coverage on PulteGroup with an Overweight rating and a price target of $80.
While the news is about Wells Fargo's analyst's rating on PulteGroup, it doesn't directly impact Wells Fargo's stock. However, it does reflect on the bank's research capabilities and could indirectly influence investor sentiment.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 50