J.P. Morgan Reiterates Overweight on Lennar (LEN)

J.P. Morgan is out with its report today on Lennar

, reiterating Overweight. In a note to clients, J.P. Morgan writes, "Overall, we reiterate our Overweight rating on LEN amid our positive sector stance based on our view that the company's relative valuation premium to its peers should continue to expand based on its solidly positive EPS, above average margins and accretive Rialto division." At the time of posting, shares of LEN were trading at $19.51, down 1.22% from Monday's close.