UPDATE: J.P. Morgan Downgrades PulteGroup to Neutral on Valuation
April 30, 2013 at 10:21 AM EDT
In a report published Tuesday, J.P. Morgan analyst Michael Rehaut downgraded the rating on PulteGroup (NYSE: PHM ) from Overweight to Neutral, but slightly raised the price target from $23.00 to $24.00. In the report, Rehaut noted, “We rate PHM Neutral relative to its peers, as while we point to
