UPDATE: Topeka Capital Markets Initiates Lennar at Hold on Valuation
Topeka Capital Markets initiated coverage on Lennar (NYSE: LEN) with a Hold rating and a $33 price target.
Topeka Capital Markets commented, "Lennar's shares have appreciated approximately 100.0% year-to-date versus 12.1% for the S&P 500. We see potential catalysts on the horizon including Lennar's Rialto operations, the California joint venture projects and improving national housing demand, but we view the shares as fairly valued at current levels."
Lennar closed at $36.29 on Thursday.
Latest Ratings for LEN
|Feb 2017||BTIG Research||Initiates Coverage On||Buy|
|Jan 2017||Barclays||Initiates Coverage On||Overweight|
|Nov 2016||Evercore ISI Group||Initiates Coverage On||Buy|
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