JP Morgan Maintains Neutral Rating for Meritage Homes, Lowers Price Target To $89

JP Morgan has decided to maintain its Neutral rating of Meritage Homes MTH and lower its price target from $111.00 to $89.00.

Shares of Meritage Homes are trading up 3.69% over the last 24 hours, at $82.25 per share.

A move to $89.00 would account for a 8.21 increase% shift from the current share price.

About Meritage Homes

Meritage Homes Corp is an American residential construction company that primarily builds single-family and active adult housing communities across the western, southern, and southeastern parts of the United States. Meritage Homes has a homebuilding presence in over 25 metro markets and has expanded its presence in Texas, Florida, Georgia, and the Carolinas. The company is considered one of the industry's leading energy-efficient homebuilders. Meritage completes approximately 6,000 home orders annually, and the majority of its revenue is derived from move-up single-family homes, followed by active adult housing communities.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.