Seeking Alpha

Pulte to move headquarters to Atlanta suburbs

  • Pulte (PHM +3.7%) trades up today after announcing plans to relocate its corporate headquarters to the Buckhead community in Atlanta in 2014.
  • The homebuilder says it will have several hiring opportunities there, although it did not specify how large it planned to grow staff.
  • Separately, the stock was downgraded to Outperform from Top Pick at RBC Capital today, and its price target was cut from $26 to $20.
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