Citi raised the firm’s price target on Lennar (LEN) to $133 from $116 and keeps a Neutral rating on the shares. Citi cut estimates after the company’s company’s fiscal Q3 missed estimates but upped the price target on sector multiple expansion and upside from reduced mortgage rates.
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Read More on LEN:
- Humana initiated, Paycom upgraded: Wall Street’s top analyst calls
- Lennar price target raised to $106 from $98 at RBC Capital
- Lennar price target raised to $140 from $130 at Citizens JMP
- Lennar downgraded to Underperform from Market Perform at Raymond James
- Positive Outlook for Lennar: Buy Rating with Increased Price Target Amid Stabilizing Market Conditions