Keefe, Bruyette & Woods Cuts Lennar's Price Target


27% profits every 20 days?

This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.


Despite its stronger-than-expected EPS this week, Keefe, Bruyette & Woods cut Lennar Corporation (NYSE: LEN) price target to $50 from $53 on declining gross margin expectations. The EPS was driven by carried interest, and Lennar noted the pressure on homebuilding and increased uncertainty.

Keefe, Bruyette & Woods, however, maintained its Outperform rating on the homebuilder. Its price target reflects an 18 percent increase from current price.

Earlier, FBR Capital Markets moved its price target to $49, an increase of $1 per share.

Shares of Lennar traded recently at $42.78.


27% profits every 20 days?

This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.


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Posted In: Price TargetAnalyst RatingsKeefe Bruyette & Woods