Wedbush upgrades M/I Homes to Outperform, raises price target to $185

As previously reported, Wedbush upgraded M/I Homes (MHO) to Outperform from Neutral with a price target of $185, up from $155, following quarterly results. The firm notes that during Q3, M/I Homes’ orders were 5% lower in July, 2% higher in August, and 3% higher in September. The company indicated on the Q3 call that business activity in October was better than expected.