By: Benzinga
J.P. Morgan Reiterates Overweight Rating, $49.50 PT Following 4Q Conference Call
In a report published Monday, J.P. Morgan reiterated its Overweight rating and $49.50 PT on Meritage Homes Corporation (NYSE: MTH ). J.P. Morgan noted, “While MTH is currently trading at 1.93x adjusted P/B, roughly in-line with our universe average, we note that it trades at only 6.7x our 2016 Earnings
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