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This PulteGroup Analyst Begins Coverage On A Bullish Note; Here Are Top 3 Initiations For Friday
Analysts initiated coverage: Hold on Lennar, Buys on Belite Bio, PulteGroup.
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-SEC Filing
Morgan Stanley Initiates Coverage On PulteGroup with Equal-Weight Rating, Announces Price Target of $128
Rising Yields Are Killing This Group of Stocks
Rising Treasury yields have pushed mortgage rates above 7%, the highest in over two years, severely impacting homebuilders. The iShares U.S. Home Construction ETF is down 9.9% in the past month, with major holdings like D.R. Horton, PulteGroup, and Lennar all declining significantly. Multiple factors including energy prices, growing U.S. debt, and tech company bond issuance suggest yields will remain elevated, making homebuilder stocks unattractive near-term investments.