Citigroup Maintains Buy on PulteGroup, Lowers Price Target to $87
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Anthony Pettinari has maintained a 'Buy' rating on PulteGroup (NYSE:PHM) but lowered the price target from $97 to $87.
October 26, 2023 | 3:18 pm
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NEUTRAL IMPACT
Citigroup's analyst has lowered the price target for PulteGroup from $97 to $87, while maintaining a 'Buy' rating.
As the issuer of the rating and price target, this news reflects on Citigroup's market analysis. However, as it doesn't directly pertain to Citigroup's own operations or performance, the relevance and importance are moderate.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
PulteGroup's price target has been lowered by Citigroup from $97 to $87, though the 'Buy' rating is maintained.
While the lowering of the price target might initially seem negative, the maintained 'Buy' rating indicates that Citigroup still sees potential in PulteGroup. This could lead to mixed reactions in the market, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100