** 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))
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