Analysts at Bank of America raised their rating on shares of three homebuilder stocks in a note out on Wednesday amid expectations mortgage rates will drop, materials costs will fall, and home prices will avoid a crash in 2023.
In a new note to clients, Rafe Jadrosich at Bank of America Global Research upgraded shares of Lennar (LEN) to Neutral from Underperform with a price target of $102, up from $92, while raising shares of PulteGroup (PHM) to Buy from Neutral with a price target of $60,…
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