Lennar price target lowered to $80 from $85 at Barclays

Barclays lowered the firm’s price target on Lennar (LEN) to $80 from $85 and keeps an Underweight rating on the shares. The firm adjusted targets in the homebuilding and building products space as part of a Q1 earnings preview. Barclays favors building products and distributor names with pricing power and/or vertical integration. Investors should continue to avoid homebuilders as 2026 “shapes up to be a potential lost year,” the analyst tells investors in a research note.