Wedbush Downgrades Meritage Homes to Neutral, Announces $170 Price Target
Portfolio Pulse from Benzinga Newsdesk
Wedbush analyst Jay McCanless has downgraded Meritage Homes (NYSE:MTH) from Outperform to Neutral and set a price target of $170.

December 18, 2023 | 12:53 pm
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Wedbush analyst Jay McCanless downgraded Meritage Homes from Outperform to Neutral, potentially impacting investor sentiment and the stock's short-term performance.
Downgrades by analysts can lead to a negative perception among investors, potentially causing a decrease in stock price. The new price target of $170 provides a reference point for investors, but the downgrade to Neutral suggests a lack of strong positive catalysts in the near term.
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IMPORTANCE 75
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