BofA analyst Rafe Jadrosich lowered the firm’s price target on Lennar (LEN) to $133 from $135 and keeps a Neutral rating on the shares. The company reported a fiscal Q3 earnings miss and offered a Q4 outlook below consensus, the analyst tells investors in a research note. The firm reduced Lennar’s estimates to reflect lower deliveries and sees a balanced risk/reward at current share levels.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LEN:
- Lennar’s Strategic Shift and Margin Stabilization Justify Hold Rating Amid Cautious Outlook
- Lennar price target raised to $161 from $146 at UBS
- Lennar Corporation’s Q3 2025 Financial Performance Overview
- FedEx reports Q1 beat, Apple launches new iPhone: Morning Buzz
- Lennar remains ‘intensely focused’ on executing core strategy