$MTH

Analysts made several rating changes: Wolfe upgraded Paychex (PAYX) citing stable employment trends. UBS upgraded Union Pacific (UNP) to Buy with a $339 price target, expecting strong 2027 volume growth. Needham upgraded Rocket Pharmaceuticals (RCKT) to Buy with a $9 target after FDA reaffirmed study design. JPMorgan upgraded Credicorp (BAP) to Overweight with a $482 target, seeing strong EPS growth. Morgan Stanley downgraded Expedia (EXPE) to Underweight with a $235 target, citing weaker assets

Meritage Homes (MTH) fell 2.3% premarket after Truist Securities downgraded it from Buy to Hold, cutting its price target to $72 from $80. The firm had previously rated it Buy with a $90 target. MTH's net income dropped 38% YoY last quarter, and the sector faces high mortgage rates and material costs. Competitors like D.R. Horton, Lennar, and PulteGroup also struggle with these issues.

Wall Street analysts upgraded Credicorp (BAP) to Overweight, Paychex (PAYX) to Peer Perform, Rocket Pharmaceuticals (RCKT) to Buy, Similarweb (SMWB) to Buy, and Union Pacific (UNP) to Buy. Downgrades include Expedia (EXPE) to Underweight, Grupo Aval (AVAL) to Underweight, Hartford Financial (HIG) to Neutral, Meritage Homes (MTH) to Hold, and Nubank (NU) to Market Perform. Initiations: Airbnb (ABNB) with Equal Weight, Booking Holdings (BKNG) with Overweight, Dutch Bros (BROS) with Buy, Five9 (FIV

Meritage Homes (MTH) reported Q2 revenue of $1.41B, down 13.8% year over year and slightly below estimates, while adjusted EPS was $1.42, above estimates. Management cited softer demand and incentive pressure, but said operational discipline supported a 200% backlog conversion rate and cycle times under 110 days. Analysts asked about margin drivers, move-up strategy, and incentive outlook.

Drivers of Future Performance Management's outlook emphasizes community expansion, operational efficiency, and a diversified product strategy as the main drivers of future results, while acknowledging ongoing headwinds from affordability and incentive costs.

Meritage Homes (NYSE:MTH) reported Q2 2026 results with revenue down 14.3% year on year to $1.40 billion, below analyst expectations, according to the company and the article. Non-GAAP adjusted EPS was $1.42, up 9.2% versus consensus. The firm cited softer spring demand amid macro uncertainty and volatile interest rates.

Meritage Homes CORP (MTH) filed an SEC Form 8-K — Results of Operations and Financial Condition. Exhibit 99.1 Contacts: Emily Tadano, VP Investor Relations and External Communications (480) 515-8979 (office) investors@meritagehomes.com Meritage Homes reports second quarter 2026 results SCOTTSDALE, Ariz., July 29, 2026 - Meritage Homes Corporation (NYSE: MTH), the fifth-large

U.S. Census Bureau data showed building permits for privately owned housing units fell 3.0% in June from May and 2.3% year over year, with single-family permits down 2.4%. Shares of Meritage Homes (MTH), LGI Homes (LGIH), and Champion Homes (SKY) fell about 4-5% in the afternoon. The article cites KB Home Q2 revenue of $1.11B vs $1.10B consensus.

Meritage Homes CORP (MTH) filed an SEC Form 8-K — Entry into a Material Definitive Agreement. EX-10.1 2 ex101twelfthamendmenttocre.htm EX-10.1 Document Exhibit 10.1 TWELFTH AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT TWELFTH AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT (this “ Amendment ”) dated as of June 24, 2026, among MERITAGE HOMES CORPORATION, a Marylan

Meritage Homes (MTH) reported softer first-quarter 2026 results with lower revenue and net income compared to the previous year, alongside flat guidance for 2026 home closing volume and revenue. This cautious outlook, combined with a recently completed share repurchase program, signals a shift in investment focus towards managing margins and navigating pricing pressures in the housing market. Despite the challenges, Simply Wall St projects a fair value for MTH with a 24% upside, while acknowledging that previous bullish analyst expectations may need reassessment given the current guidance.