Deutsche Bank analyst Joe Ahlersmeyer raised the firm’s price target on Meritage Homes to $190 from $184 and keeps a Buy rating on the shares. For homebuilders, the firm remains positive on the group ahead of what it anticipates will be a strong spring selling season with or without a drop in interest rates, although it continues to prefer certain stocks to others on the basis of asset efficiency and capital discipline. The analyst reiterates DR Horton (DHI) and Meritage Homes (MTH) Meritage as Top Picks and adds Toll Brothers (TOL) following its strong earnings report earlier this week.
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Read More on MTH:
- Gerald Haddock to Retire from Meritage Homes Board of Directors
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- Meritage Homes upgraded to Buy from Neutral at Seaport Research
- Meritage Homes reports third quarter 2023 results with a 50% year-over-year increase in sales orders driven by accelerated cycle times and move-in ready inventory
