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Fly News Breaks for April 25, 2018
PHM
Apr 25, 2018 | 08:17 EDT
Buckingham analyst Mark Weintraub upgraded PulteGroup to Buy from Neutral and raised its price target to $40 from $38. Pulte Group reported excellent 1Q18 results with earnings of 59c easily beating expectations, with new orders up 12% year-over-year on a unit basis, and raised FY18 guidance for deliveries and ASPs by 2.2% and 1.2%, respectively, Weintraub wrote in a note to investors. The analyst expects PuleGroup earnings advancing another 10% next year and possibly more depending on how aggressive it is on share repurchases.
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