Wells Fargo lowered the firm’s price target on Lennar (LEN) to $90 from $100 and keeps an Equal Weight rating on the shares. The firm notes housing stocks have lagged the SPX by 12 points post Iran war start. With that said, Wells believes the group isn’t fully derisked into Q1, keeping the firm selective across its calendar reporters.
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Read More on LEN:
- Lennar price target lowered to $80 from $85 at Barclays
- Lennar call volume above normal and directionally bullish
- Lennar downgraded to Sell from Buy at Seaport Research
- U.S. Mortgage Rates Ramp to 6-Month High as Spring Home-Buying Season Kicks Off
- Lennar price target lowered to $97 from $105 at Keefe Bruyette