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UPDATE: Topeka Capital Markets Initiates Lennar at Hold on Valuation

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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

DateFirmActionFromTo
Jul 2017BarclaysDowngradesOverweightEqual-Weight
Jun 2017Credit SuisseInitiates Coverage OnNeutral
Jun 2017Evercore ISI GroupDowngradesOutperformIn-Line

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Posted-In: Topeka Capital MarketsAnalyst Color Initiation Pre-Market Outlook Analyst Ratings

 

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