Market Overview

UPDATE: Susquehanna Downgrades Lennar

Share:
Related LEN
Mid-Afternoon Market Update: TSR Surges Following Q2 Results; NetScout Systems Shares Plunge
Mid-Day Market Update: SUPERVALU Drops After Q3 Results; AMERI Holdings Shares Climb
The Week That Was In Review - January 13, 2018 (Seeking Alpha)

On Friday, Susquehanna downgraded shares of Lennar (NYSE: LEN) from Positive to Neutral and lowered the price target from $46 to $43.

The downgrade was valuation-based to better reflect seasonal shifts compared to Susquehanna's October upgrade, said analyst Jack Micenko.

First quarter results were “solid, said Micenko. The analyst is encouraged by “clear signs” of improving volume voiced by Lennar management.

Shares of Lennar are down 1.9 percent to $39.55. The stock is flat year-to-date.

Latest Ratings for LEN

DateFirmActionFromTo
Jan 2018Wells FargoUpgradesMarket PerformOutperform
Oct 2017UBSInitiates Coverage OnBuy
Oct 2017CitigroupUpgradesNeutralBuy

View More Analyst Ratings for LEN
View the Latest Analyst Ratings

Posted-In: Jack Micenko SusquehannaAnalyst Color Analyst Ratings

 

Related Articles (LEN)

View Comments and Join the Discussion!