Lennar price target lowered to $88 from $98 at Barclays

Barclays analyst Matthew Bouley lowered the firm’s price target on Lennar (LEN) to $88 from $98 and keeps an Underweight rating on the shares. The firm cut estimates post the company’s earnings report. It has low conviction in margin stabilization at Lennar, saying the company continues to push on production in a market with little demand optimism.