Lennar price target raised to $135 from $110 at Wells Fargo

Wells Fargo raised the firm’s price target on Lennar (LEN) to $135 from $110 and keeps an Equal Weight rating on the shares. The firm adjusted price targets in the homebuilding group, saying investors are pricing in some forward optimism on interest rates while generalists are doing more work on the group. Wells increased valuations across the board following the recent re-rating of the stocks.