** Shares of homebuilder PulteGroup PHM.N up 1.5% at $109.23 before the bell

** Brokerage Wedbush raises the stock to "outperform" from "neutral"; considers stock is undervalued at current levels

** "We are upgrading Pulte to OUTPERFORM from NEUTRAL since the recent stock price decline appears overdone to us," says Wedbush

** Brokerage expects PHM's 2025 EPS to be $14.58 vs $14.39 expected earlier

** Ten of 18 brokerages rate the stock "buy" or "higher", eight "hold"; their median PT is $146, according to data compiled by LSEG

** Stock was up 5.5% in 2024

(Reporting by Rupali Chaudhary in Bengaluru)

((Rupali.Chaudhary@thomsonreuters.com))