Goldman Sachs Resumes PulteGroup (PHM) at Sell

Goldman Sachs resumes coverage on PulteGroup (NYSE: PHM) with a Sell. PT $18.00.

The analyst said, "We see growth lagging peers during the recovery driven by two factors: (1) Pulte ranks near the tail end of our geographical exposure matrix with presence in slower growing markets like Washington DC, Baltimore, and New York, and (2) Pulte's strategy is to consolidate rather than grow during the next few years by spending less on land and not entering new markets."

For an analyst ratings summary and ratings history on PulteGroup click here. For more ratings news on PulteGroup click here. Shares of PulteGroup closed at $18.81 yesterday, with a 52 week range of $9.02-$24.47.

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