PulteGroup downgraded to Neutral from Outperform at Credit Suisse Credit Suisse downgraded PulteGroup to Neutral from Outperform following monthly survey results that indicate continued demand weakness and lower buyer traffic. The firm expects lower 1H 2014 absorption rates and margins. Price target is $20.
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.