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Fly News Breaks for January 8, 2020
MHO
Jan 8, 2020 | 05:45 EDT
JMP Securities analyst Peter Martin upgraded M/I Homes to Outperform from Market Perform with a $50 price target. The analyst says he underestimated the pace and margin success of the Smart Series rollout in the second half of 2019 as well as the benefit of scale in M/I's expansion markets. With a strong sector fundamental backdrop, the company is poised to deliver better than expected pace and margins in 2020, Martin tells investors in a research note.
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