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Fly News Breaks for January 10, 2019
MTH
Jan 10, 2019 | 07:58 EDT
As previously reported, Wedbush analyst Jay McCanless downgraded Meritage Homes to Neutral from Outperform, as the shares have surpassed his unchanged $41 price target. The analyst believes the recent pullback in mortgage rates has been a positive catalyst for the company and its competitors. While this catalyst may persist for an extended period, McCanless is stepping to the sidelines on Meritage Homes because he does not see any new catalysts emerging that would support a higher price target.
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