PulteGroup’s Price Target Raised to $73 From $68 at Oppenheimer 
<p>Oppenheimer analysts raised their price target on <a href='https://financialmodelingprep.com/financial-summary/PHM'>PulteGroup, Inc. (NYSE:PHM)</a> to $73 from $68 and reiterated their Outperform rating, expecting multiple expansions given a positive backdrop for builders broadly and because the company likely will have the highest ROE in the space this year. </p>
<p>According to analysts, they believe that the premium can be maintained in 2023 due to various factors such as Pulte's projected gross margin, backlog ASP, market mix, and exposure to a diverse range of buyers. Furthermore, the analysts anticipate that the estimated earnings per share (EPS) for 2023 could increase, as it is currently 35% lower compared to the same time last year.</p>
<p>The analysts highlighted $0.38 of incremental upside to their $7.85 estimate (vs. the Street’s $7.50) based on higher closing ASP and margin.</p>

NYSE:PHM