Wells Fargo lowered the firm’s price target on Lennar (LEN) to $110 from $125 and keeps an Equal Weight rating on the shares. The firm notes Q4 was in-line, but it’s guide that’s causing a stir. Expectations for 2026 were bearish into EPS, yet clearly not enough, Wells adds. The firm takes FY26 EPS to $6, “something unthinkable 1-year ago.”
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