PulteGroup price target raised to $145 from $135 at BofA

Core Viewpoint - BofA analyst Rafe Jadrosich has raised the price target for PulteGroup (PHM) to $145 from $135 while maintaining a Buy rating on the shares, indicating a positive outlook despite anticipated challenges in the homebuilding sector [1] Group 1: Price Target and Rating - The price target for PulteGroup has been increased to $145 from $135 [1] - The firm maintains a Buy rating on PulteGroup shares, suggesting confidence in the company's performance [1] Group 2: Market Conditions and Challenges - Homebuilder stocks have experienced a significant rally year-to-date after underperforming the market in 2025 [1] - The analyst highlights several challenges that may impact the homebuilding sector, including weaker employment and migration trends, ongoing inflation, and a competitive selling environment due to high new and resale inventory [1] - These factors are expected to pressure fundamentals through 2026, leading to a "reset year for homebuilders" [1]