Wedbush lowered Meritage Homes price target to $103 after 2 for 1 stock split

Wedbush analyst Jay McCanless lowered the firm’s price target on Meritage Homes (MTH) to $103 from $205 to reflect the stock’s 2 for 1 stock split that occurred after the close of trading on December 31, 2024. The firm keeps a Neutral rating on the shares.