Barclays Maintains Overweight on PulteGroup, Raises Price Target to $120
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Matthew Bouley has maintained an Overweight rating on PulteGroup (NYSE:PHM) and increased the price target from $95 to $120, indicating a positive outlook on the company's stock.

December 13, 2023 | 11:47 am
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Barclays analyst Matthew Bouley maintains an Overweight rating on PulteGroup and raises the price target from $95 to $120, suggesting confidence in the company's future performance.
The increase in price target by a reputable analyst like Matthew Bouley from Barclays can lead to increased investor confidence in PulteGroup, potentially driving the stock price up in the short term. The Overweight rating suggests that the analyst believes the stock will outperform the average return of the stocks that Barclays covers, indicating a bullish stance on PulteGroup's market performance.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100