Wedbush Downgrades Meritage Homes to Underperform, Lowers Price Target to $148
Portfolio Pulse from Benzinga Newsdesk
Wedbush analyst Jay McCanless downgraded Meritage Homes (MTH) from Neutral to Underperform and reduced the price target from $155 to $148, indicating a bearish outlook on the company's stock.
April 02, 2024 | 3:34 pm
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Meritage Homes was downgraded by Wedbush from Neutral to Underperform, with a price target reduction from $155 to $148.
The downgrade from Neutral to Underperform by a reputable analyst at Wedbush, coupled with a reduction in the price target, suggests a negative outlook on Meritage Homes' stock. This could lead to decreased investor confidence and a potential short-term decline in the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100