UBS upgrades PulteGroup to buy, says market is too negative on homebuilder stocks

Published Thu, Feb 3 20225:55 AM ESTUpdated Thu, Feb 3 20221:14 PM EST

Jesse Pound @/in/jesse-pound @jesserpound

Contractors work on townhouses under construction at the PulteGroup Metro housing development in Milpitas, California.

David Paul Morris | Bloomberg via Getty Images

The market has turned too negative on homebuilder stocks like PulteGroup, and investors should step in while the stock is depressed, according to UBS.

More In Analyst Calls

This global private equity stock invested in Shein, Figma, Databricks, Discord, and ByteDance could rise by 40%, analysts say

Ganesh Rao3 hours ago

Deutsche Bank says it's time to invest in trash through these 2 stocks: 'Compounding defensive growth'

Pia Singh

Here are Wednesday's biggest analyst calls: Nvidia, Meta, Tesla, Chipotle, Ferrari and more

Michael Bloom