JPMorgan analyst Michael Rehaut lowered the firm’s price target on Lennar (LEN) to $80 from $115 and keeps an Underweight rating on the shares. The firm reduced fiscal 2026 and 2027 estimates following the company’s Q4 report. JPMorgan views the stock’s valuation as expensive given its outlook for below-average margins and returns on equity.
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Read More on LEN:
- Lennar price target lowered to $110 from $125 at Wells Fargo
- Lennar downgraded to Underperform at BofA on deteriorating margins
- Lennar downgraded to Underperform from Neutral at BofA
- Lennar price target lowered to $115 from $125 at Keefe Bruyette
- Lennar price target lowered to $88 from $98 at Barclays