Wells Fargo Lifts PT on PulteGroup (PHM) Stock

Group 1 - PulteGroup, Inc. is recognized as one of the best housing stocks to buy according to hedge funds, with Wells Fargo raising the price target from $135 to $150 while maintaining an "Overweight" rating [1] - The company reported strong financial results for Q2 2025, achieving earnings of $3.03 per share and closing 7,639 homes, with gross and operating margins of 27.0% and 17.9% respectively [2] - At the end of Q2 2025, PulteGroup's backlog consisted of 10,779 homes valued at $6.8 billion, indicating robust demand and operational efficiency [2] Group 2 - Wells Fargo's adjustment of price targets reflects a broader optimism among investors regarding interest rates and a re-rating of stocks in the homebuilding sector [1] - The disciplined business practices of PulteGroup have allowed it to successfully navigate a highly competitive homebuilding environment [2]