Lennar price target lowered to $162 from $190 at Goldman Sachs

Goldman Sachs lowered the firm’s price target on Lennar (LEN) to $162 from $190 and keeps a Neutral rating on the shares. The firm notes the company’s weaker start to FY25 but also sees the potential for upside as conditions moderate. Goldman Sachs further cites Lennar management highlighting the ongoing focus on volumes as it looks to reduce construction costs and realize further efficiencies to benefit profitability.