J.P. Morgan Reiterates Overweight Rating, $49.50 PT Following 4Q Conference Call
Posted on February 04, 2013 at 13:22 PM EST
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