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Fly News Breaks for February 6, 2019
MHO
Feb 6, 2019 | 07:55 EDT
As previously reported, JMP Securities analyst Peter Martin downgraded M/I Homes to Market Perform from Outperform after the stock achieved his prior $30 price target, stating that he compliments the operational improvements made in its Texas markets and positive capital structure changes made over the last year and a half but he now believes the stock is fairly valued. While the company reported orders were down 4% year-over-year in Q4, Martins views this as "very positive" given the competitive environment and tough comp, he noted.
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