Market Overview

UPDATE: Sterne Agee Maintains Lennar at Neutral Following Wednesday's EPS Beat

Share:
Related LEN
Homebuilders Under Pressure After Housing Market Index Hits 8-Month Low
Benzinga's Top Upgrades, Downgrades For July 11, 2017

In a report published by Sterne Agee, analyst Jay McCanless maintained a Neutral rating and $45 price target on Lennar Corporation (NYSE: 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.

Latest Ratings for LEN

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

View More Analyst Ratings for LEN
View the Latest Analyst Ratings

Posted-In: Sterne AgeeAnalyst Color Reiteration Analyst Ratings

 

Related Articles (LEN)

View Comments and Join the Discussion!