PulteGroup's Fair Value Estimate Shifts Amid Housing Backdrop

PulteGroup's fair value estimate has shifted from $139.31 to $140.92 per share, reflecting updated assumptions around housing demand and building products exposure. Analysts have raised price targets, with Wells Fargo, UBS, BofA, and others citing the company's focus on move up and active adult buyers, production discipline, and constrained housing supply as positives. However, RBC Capital trimmed its target to $111 and maintained a Sector Perform rating, citing challenging affordability and sector volatility as concerns.