Consumer Discretionary
Homebuilding
4 companies under coverage.
Coverage
Homebuilding
Equity Research
PulteGroup Inc (PHM)
The bull case — 'Spike — Tight Supply Pricing' (8% weight) — targets $284, +107% vs spot. It needs the multiple to hold or expand.
Equity Research
NVR Inc (NVR)
The bull case — 'Spike — Tight Supply Pricing' (8% weight) — targets $13,532, +99% vs spot. It needs the multiple to hold or expand.
Equity Research
DR Horton Inc (DHI)
The bull case — 'Spike — Tight Supply Pricing' (8% weight) — targets $330, +102% vs spot. It needs Gross Margin to surprise to the upside.
Equity Research
Lennar Corporation (LEN)
The bull case — 'Spike — Tight Supply Pricing' (8% weight) — targets $194, +115% vs spot. It needs Gross Margin to surprise to the upside.