BTIG lowered the firm’s price target on Lennar (LEN) to $90 from $96 and keeps a Sell rating on the shares. The firm is citing the company’s Q4 EPS miss, adding that the discussion around the guide, operating strategy, and management team replacing co-CEO Mr. Jaffe was overshadowed by Lennar’s view that the federal government is likely to intervene in the housing market to improve affordability, the analyst tells investors in a research note.
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Read More on LEN:
- Lennar price target lowered to $80 from $115 at JPMorgan
- 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