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UPDATE: Williams Financial Reiterates Buy Rating, Raises PT on Meritage Homes

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In a report published Monday, Williams Financial Group reiterated its Buy rating on Meritage Homes Corporation (NYSE: MTH), and raised its price target from $34.00 to $41.00.

Williams Financial noted, “We continue to view MTH's industry leading energy platform and its remarkably well positioned land locations as key revenue growth drivers. The company has shown its ability to adapt to market conditions and deliver a quality product with significant value to the homebuyer. We are however somewhat concerned with the subdued growth Texas and believe this may constrain growth as other markets outside the company's current offerings begin the recovery cycle. The recent entry into the Carolinas helps abate some of these concerns in addition to the company's long land position in AZ, although we believe the company will need to continue expanding its footprint to deliver long-term growth opportunities.”

Meritage Homes Corporation closed on Friday at $37.78.

Latest Ratings for MTH

Nov 2014CitigroupMaintainsBuy
Oct 2014Keefe Bruyette & WoodsMaintainsMarket Perform
Oct 2014BarclaysMaintainsOverweight

View More Analyst Ratings for MTH
View the Latest Analyst Ratings

Posted-In: Williams Financial GroupAnalyst Color Price Target Analyst Ratings


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