In a report published by Sterne Agee, analyst Jay McCanless maintained his Neutral rating and $45 price target on Lennar Corporation 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.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in