Market Overview

UPDATE: Topeka Capital Markets Initiates Lennar at Hold on Valuation

Share:
Related LEN
Attention Investors: Watch Housing, Volatility And Semiconductor ETFs
April Housing Data Obliterates Expectations; Investors Buy In
Toll Bros. Sees 'Gradual And Elongated Recovery' (Investor's Business Daily)

Topeka Capital Markets initiated coverage on Lennar (NYSE: LEN) with a Hold rating and a $33 price target.

Topeka Capital Markets commented, "Lennar's shares have appreciated approximately 100.0% year-to-date versus 12.1% for the S&P 500. We see potential catalysts on the horizon including Lennar's Rialto operations, the California joint venture projects and improving national housing demand, but we view the shares as fairly valued at current levels."

Lennar closed at $36.29 on Thursday.

Latest Ratings for LEN

DateFirmActionFromTo
May 2015Raymond JamesDowngradesOutperformMarket Perform
May 2015BarclaysUpgradesEqual-weightOverweight
May 2015BarclaysUpgradesEqual-weightOverweight

View More Analyst Ratings for LEN
View the Latest Analyst Ratings

Posted-In: Topeka Capital MarketsAnalyst Color Initiation Pre-Market Outlook Analyst Ratings

 

Related Articles (LEN)

Around the Web, We're Loving...

Get Benzinga's Newsletters