JP Morgan puts out a bullish note on M/I Homes (MHO -0.3%) today, initiating the shares with an...


JP Morgan puts out a bullish note on M/I Homes (MHO -0.3%) today, initiating the shares with an Overweight and a $34 price target. The firm says the stock has had an impressive performance in 2012, up 176% versus the universe average of 94%, but has lagged its peers YTD, up only 2% the universe average of 24%. JP thinks that near industry leading order growth of 41% and 33% in 2013 and 2014, respectively, combined with strong operating margin expansion, should give the shares some upside over the near term.

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