$PHM

Analysts made several ratings changes: UBS upgraded Celestica to Buy with a $430 target, citing AI-driven demand. Citi initiated Reformation as Buy with a $20 target. Morgan Stanley initiated Jersey Mike's and ArcelorMittal as Overweight. Baird upgraded Darden to Outperform and downgraded Chipotle to Neutral. Other notable moves include upgrades for Suzano, Ionic Digital, and Fortune Brands, while Canada Goose was downgraded.

Analysts upgraded four companies: Baird raised Darden (DRI) to Outperform with a $250 target, Wolfe upgraded Janux (JANX) to Outperform with a $23 target, UBS upgraded Celestica (CLS) to Buy with a $430 target, and Wolfe upgraded PulteGroup (PHM) to Outperform with a $129 target. All companies closed at or near their respective targets on Friday.

PulteGroup (PHM) stock rose 1.8% in pre-market trading after Wolfe Research upgraded it to Outperform, citing superior earnings durability. Wolfe's 2026 EPS estimate for PHM was revised down by only 2.7%, the smallest cut in its homebuilder coverage. Citizens maintained its Market Outperform rating and $145 price target, highlighting PHM's strategic focus on move-up buyers and active adult communities. PHM's Q2 2026 EPS of $2.48 beat estimates by 12 cents.

Wendy's (WEN) +5% on private equity interest; Equifax (EFX) +6.4% after dividend declaration; Jack Henry (JKHY) +7.4% on earnings beat; PulteGroup (PHM) +4.6% on analyst rating; Stryker (SYK) +2.7% on $100M contract.

PulteGroup (PHM) shares rose 4.6% after Citizens reiterated its Outperform rating and $145 price target, citing the company's focus on 'move-up' products and 'active adult communities'. The stock later settled at $131.30, up 4.2%. PulteGroup is up 10.3% YTD and near its 52-week high. According to Citizens, the company's management noted 'patient demand' and normal seasonality.

Homebuilder stocks rose after the Treasury announced it would double bond buyback operations, causing long-term yields to retreat. DHI, LEN, PHM, BLDR, and TOL gained 3.5% to 7.1%, despite TOL's downbeat earnings. The S&P 1500 Homebuilding index rose 4.4%.

Simply Wall St reports PulteGroup (PHM) is expanding into Northwest Florida via a new Florida Panhandle Division, tied to The St. Joe Company. The agreement covers 1,326 homesites, with options up to 2,653. First development is expected to start in 2027. The article cites PHM at $130.18 and a fair value estimate of $141.38.

PULTEGROUP INC/MI/ (PHM) filed an SEC Form 8-K — Entry into a Material Definitive Agreement. Item 1.01 is hereby incorporated by reference into this Item 2.03. ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS 10.1 Master Repurchase Agreement dated as of August 11, 2026, among Truist Bank, as Agent and a Buyer and Swing Line Facility Buyer , the other Buyers party here to Pult

Wall Street edged near records as AI-related stocks rose after results. The S&P 500 gained 0.3%, the Dow slipped under 0.1%, and the Nasdaq rose 0.5%. Nvidia rose 3% and Super Micro Computer jumped 19.6% after EPS and guidance beat; CoreWeave gained 19% on revenue and a milder loss. US inflation eased to 3.4% year over year, easing Treasury yields. ASX futures pointed to a 0.2% open fall; AUD was US70.62¢.

D.R. Horton, Lennar and PulteGroup discussed earnings and outlook amid high mortgage rates, weaker consumer confidence and geopolitical uncertainty. D.R. Horton said Q3 returns were below expectations and expects lower Q4 starts. Lennar cited 30-year fixed rates around 6.4% to 6.5% and Zonda forecasts 5.8% to 6.8% through 2027. PulteGroup flagged oil and affordability. Builders also weighed the ROAD to Housing Act and cost savings.