This Darden Analyst Turns Bullish; Here Are Top 4 Upgrades For Monday
Top Wall Street analysts changed their outlook on top names. See analyst ratings page for full list. DRI, JANX, and more mentioned.
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On Aug 11, PulteGroup's Unit Entered Master Repurchase Agreement With Truist Bank; Repurchase Agreement Provides For Maximum Aggregate Commitment Of $625M
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Wolfe Research Upgrades PulteGroup to Outperform, Announces $129 Price Target
Wolfe Research analyst Trevor Allinson upgrades PulteGroup (NYSE:PHM) from Peer Perform to Outperform and announces $129 price target.
Read original at benzingaWhy I'm Wary of Most Housing Stocks, Except This One
The housing industry faces significant challenges with record home prices ($440,600 median), elevated mortgage rates (6.7%), and a shortage of 4.7 million homes. While traditional homebuilders struggle, manufactured housing company Legacy Housing stands out with impressive Q2 results (32% revenue growth, 59% net income growth) and benefits from recent congressional legislation supporting the sector. The author believes manufactured homes will fill the housing gap due to lower costs (~$120,000) and reduced stigma.
Read original at the-motley-fool