Market Overview

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

Related LEN
Barclays Revises Price Targets On Homebuilders
Lennar Beats on Q2 Earnings & Revenues - Analyst Blog
Construction Jobs Hit Five-Year High (Fox Business)

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.

Posted-In: Sterne AgeeAnalyst Color Reiteration Analyst Ratings

 

Most Popular

Related Articles (LEN)

Around the Web, We're Loving...

Partner Network

Get Benzinga's News Delivered Free