Williams Financial Group Upgrades Meritage Homes (MTH) to Buy; Significant Optimism Developing
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Price: $73.08 -0.73%
Rating Summary:
11 Buy, 13 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
11 Buy, 13 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Williams Financial Group upgraded Meritage Homes (NYSE: MTH) from Hold to Buy, price target raised from $32 to $34.
Analyst, David N. Williams, said, "In our view, MTH’s position as an industry leader in energy efficiency innovation is strategically aligned with its geographic participation and should provide solid revenue growth. In our conversations around the country with direct competitors, a differentiated energy platform is one of the largest aids in earning sales of buyers who may be otherwise uncommitted. We believe the company is well positioned to gain market share as housing trends more positive, leading to potential outsized growth likely surpassing our 22% FY13 estimations."
For an analyst ratings summary and ratings history on Meritage Homes click here. For more ratings news on Meritage Homes click here.
Shares of Meritage Homes closed at $29.30 yesterday.
Analyst, David N. Williams, said, "In our view, MTH’s position as an industry leader in energy efficiency innovation is strategically aligned with its geographic participation and should provide solid revenue growth. In our conversations around the country with direct competitors, a differentiated energy platform is one of the largest aids in earning sales of buyers who may be otherwise uncommitted. We believe the company is well positioned to gain market share as housing trends more positive, leading to potential outsized growth likely surpassing our 22% FY13 estimations."
For an analyst ratings summary and ratings history on Meritage Homes click here. For more ratings news on Meritage Homes click here.
Shares of Meritage Homes closed at $29.30 yesterday.
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