Goldman Sachs analyst Susan Maklari initiated coverage of Meritage Homes with a Sell rating and $59 price target. The analyst initiated coverage of six homebuilding stocks with a positive sector view as her analysis of the housing market points to an acceleration in activity next year given an accommodative rate environment with broader economic expansion. However, she believes Meritage's lack of community growth creates uncertainty. This backdrop, along with more difficult unit order comparisons as we move past Q1 of 2020, suggests downside risk, Maklari tells investors.