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Stock Market & Financial Investment News

News Breaks
January 31, 2013
08:28 EDTMHOM/I Homes reports Q4 backlog units up 43%
News For MHO From The Last 14 Days
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April 9, 2015
06:49 EDTMHOPulteGroup, Meritage cut to sell at JPMorgan on profit taking call
JPMorgan downgraded both PulteGroup (PHM) and Meritage Homes (MTH) to Underweight from Neutral saying the homebuilders are vulnerable to a pullback over the next six months following their strong year-to-date performance. Underweight is JPMorgan’s equivalent to a sell rating. The firm recommends taking some profits in the sector ahead the Q1 earnings reports amid what it sees as "overly positive" investor sentiment. It thinks homebuilders are "highly unlikely" to raise their 2015 gross margin guidance on the Q1 earnings calls. JPMorgan keeps a $21 price target on shares of PulteGroup and dropped its target for Meritage Homes to $38 from $43. Its only Overweight rated name in the space is Ryland Group (RYL).

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