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UPDATE: Goldman Sacks Downgraded Meritage Homes Corp. from Buy to Neutral

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In a research note published Thursday, Goldman Sachs downgraded shares of Meritage Homes Corp. (NYSE: MTH) was from Buy to Neutral. Analyst Eli Hacke lowered MTH's price target from $54 to $51 on lowered 2014 estimates.

Meritage Homes lowered estimates are predicated on lower order growth, slower pricing ramp, and lower than previously modeled margins, according to Hacke.

The lowered estimates place Hacke's view on Meritage Homes now more in line with the consensus estimates.

MTH shares are trading up around 0.53 percent at $45.53 Thursday afternoon.

Latest Ratings for MTH

DateFirmActionFromTo
Jan 2015BarclaysMaintainsEqual-weight
Jan 2015Keefe Bruyette & WoodsMaintainsMarket Perform
Jan 2015Credit SuisseDowngradesNeutralUnderperform

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View the Latest Analyst Ratings

Posted-In: Analyst Color News Downgrades Price Target Analyst Ratings

 

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