Goldman Sachs cuts estimates and price targets on homebuilders (ITB -1.3%), citing weak job...

|By:, SA News Editor

Goldman Sachs cuts estimates and price targets on homebuilders (ITB -1.3%), citing weak job growth and volatile financial markets that likely will result "in flatter housing demand than we had previously anticipated." Goldman drops PulteGroup (PHM -3.9%) from its Conviction Buy list but remains bullish on the stock, saying the firm is in the early stages of a turnaround.