UPDATE: Sterne Agee Maintains Lennar at Neutral Following Wednesday's EPS Beat
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
|Jun 2015||Credit Suisse||Maintains||Neutral|
|May 2015||Raymond James||Downgrades||Outperform||Market Perform|
© 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.