Market Overview

UPDATE: Sterne Agee Maintains Lennar at Neutral Following Wednesday's EPS Beat

Share:
Related LEN
Goldman's New Index Shows Increasing Mortgage Demand, Signals More Housing Sector Strength To Come
Credit Suisse Sees Home Builder EPS Expectations For '2H and 2016 as generally too optimistic', Sees Better Pricing From Builders Being Offset By Higher Lands & Labor Prices
Foreclosure Pipeline Is Down To A Trickle (Investor's Business Daily)

In a report published by Sterne Agee, analyst Jay McCanless maintained a Neutral rating and $45 price target on Lennar Corporation (NYSE: LEN).

Sterne Agee reported that, “We were encouraged by yesterday's earnings conference call because Lennar maintained FY13 gross margin guidance of 23% to 24% and reaffirmed FY13 community count growth estimates of approximately 20%. At current levels, we view LEN as fairly valued, but we believe the Company's growth prospects are among the strongest in the peer group.”

Shares of Lennar Corporation closed at $43.40 on Wednesday.

Latest Ratings for LEN

DateFirmActionFromTo
Jul 2015JP MorganMaintainsOverweight
Jun 2015Credit SuisseMaintainsNeutral
May 2015Raymond JamesDowngradesOutperformMarket Perform

View More Analyst Ratings for LEN
View the Latest Analyst Ratings

Posted-In: Sterne AgeeAnalyst Color Reiteration Analyst Ratings

 

Related Articles (LEN)

View Comments and Join the Discussion!

Get Benzinga's Newsletters