10 Stocks with Surprising Gains

4. PulteGroup, Inc. (NYSE:PHM)

PulteGroup snapped a three-day losing streak on Tuesday, jumping 11.52 percent to close at $121.17 apiece as investors took heart from an investment firm’s rating and price target upgrade for its stock.

In a market note, Seaport Global Securities raised its price target for PulteGroup, Inc. (NYSE:PHM) to $155, marking a 28-percent upside from its latest closing price. The brokerage also gave a “buy” recommendation for its stock.

The upgrade was based on PulteGroup, Inc.’s (NYSE:PHM) second quarter guidance, which affirmed a more favorable investment case for the company.

In the second quarter of the year, PulteGroup, Inc. (NYSE:PHM) dropped its net income by 24.8 percent to $608 million from $809 million in the same period last year.

Revenues also dipped by 4 percent to $4.4 billion from $4.59 billion year-on-year.

Home sale gross margin stood at 27 percent, lower than the 29.9 percent last year, but was within the company’s previously provided guidance.