BofA lowered the firm’s price target on Lennar (LEN) to $124 from $130 and keeps a Neutral rating on the shares. The company beat fiscal Q1 estimates but guided below for Q2, the analyst tells investors in a research note. The firm sees more upside in other homebuilder stocks with higher return on equity profiles that are trading at similar or less expensive valuations.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LEN:
Questions or Comments about the article? Write to editor@tipranks.com