Meritage Homes price target raised to $104 from $101 at UBS

UBS raised the firm’s price target on Meritage Homes (MTH) to $104 from $101 and keeps a Buy rating on the shares. UBS believes 2026 is poised to be a better year for homebuilding, as builders have moderated production, helping to stabilize/reduce inventory in certain key markets, while overall housing supply remains constrained relative to history, the analyst tells investors in a research note. The firm thinks incremental improvement in the macro could catalyze sentiment and the stocks.