** Shares of Pulteground PHM.N rise ~10% to $119.30, after the homebuilder reported better-than-expected quarterly results
** PHM is on track for the biggest daily pct gain since November 2022 and the highest close since January 30 this year
** Company set to snap three consecutive sessions of losses
** PHM reported adj. EPS of $3.03, exceeding the estimate of $2.96; revenue fell 4.3% to $4.40 billion from a year ago, compared to analysts' expectations of $4.39 billion.
** Wedbush analysts raise PT on PHM to $150 from $135
** Among 18 analysts covering PHM, the average rating is "buy" and the median PT is $124.50, according to data compiled by LSEG
** PHM is up ~9% YTD
(Reporting by Chibuike Oguh in New York)
((Email: Chibuike.Oguh@thomsonreuters.com; Phone: +332-219-1834; Reuters Messaging: chibuike.oguh.thomsonreuters.com@reuters.net))
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