Citigroup has decided to maintain its Buy rating of Lennar LEN and lower its price target from $148.00 to $139.00.
Shares of Lennar are trading up 1.14% over the last 24 hours, at $120.02 per share.
A move to $139.00 would account for a 15.81% increase from the current share price.
About Lennar
Based on the number of delivered homes, Lennar is the second-largest public homebuilder in the United States (behind D.R. Horton). The company's homebuilding operations target first-time, move-up, and active adult homebuyers mainly under the Lennar brand name. Lennar's financial-services segment provides mortgage financing and related services to its homebuyers. Miami-based Lennar is also involved in multifamily construction and has invested in numerous housing-related technology startups.
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