JP Morgan Downgrades Meritage Homes To Underweight

Analysts at JP Morgan downgraded

from Neutral to Underweight. The price target for Meritage Homes has been raised from $38.00 to $43.00. Meritage Homes shares have gained 14.57% over the past 52 weeks, while the S&P 500 index has surged 11.20% in the same period. Meritage Homes' shares fell 0.99% to $49.20 in pre-market trading.