M/I Homes price target raised to $155 from $150 at Raymond James

Raymond James raised the firm’s price target on M/I Homes (MHO) to $155 from $150 and keeps a Strong Buy rating on the shares. With limited needs for incremental land spend and “a fortress balance sheet,” the firm sees “ample capacity” to continue the company’s highly accretive share repurchases and sees shares having “perhaps the most compelling risk/reward opportunity in the homebuilding sector,” the analyst tells investors.