D.R. Horton, KBHome, and PulteGroup Upgraded: What You Need to Know
Every day, Wall Street analysts upgrade some stocks, downgrade others, and "initiate coverage" on a few more. But do these analysts even know what they're talking about? Today, we're taking one high-profile Wall Street pick and putting it under the microscope...
Despite some early skepticism, 2019 has been a great year for homebuilder stocks. Shares of PulteGroup (NYSE: PHM) are up 24%, D.R. Horton (NYSE: DHI) has risen 38%, and KBHome (NYSE: KBH) has gained an astounding 43%. In each and every case, these stocks have trounced the S&P 500 -- which is itself up a very respectable 17%!
Now, one Wall Street analyst is saying housing stocks could go up some more -- and keep on rising for perhaps the next six straight years!
Source Fool.com