BofA analyst Rafe Jadrosich raised the firm’s price target on PulteGroup (PHM) to $145 from $135 and keeps a Buy rating on the shares. After underperforming the market in 2025, homebuilder stocks have rallied sharply year-to-date, but the firm believes weaker employment and migration trends, ongoing inflation and a more competitive selling environment driven by elevated new and resale inventory will pressure fundamentals through 2026 and make it a “reset year for homebuilders,” the analyst tells investors in a year ahead note on the group.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on PHM:
