PulteGroup downgraded to Underweight from Neutral at JPMorgan JPMorgan downgraded PulteGroup to Underweight with an $18 price target citing an expensive relative valuation and expectations for slowing margin expansion.
UBS to hold a conference Building & Building Products Annual CEO Conference is being held in New York on November 13 with webcasted company presentations to begin at 9:30 am; not all company presentations may be webcasted. Webcast Link
PulteGroup upgraded at BofA/Merrill As previously reported, BofA/Merrill upgraded PulteGroup to Buy from Neutral. The firm's checks indicate PulteGroup's order growth is at a positive inflection point and its balanced approach to capital allocation will drive EPS accretion. Price target raised to $25 from $23.