Wells Fargo lowered the firm’s price target on Lennar (LEN) to $165 from $180 and keeps an Equal Weight rating on the shares. The firm says that amidst late 2024 pessimism, the builder/product playbook for 2025 is complicated. Its strategy is to lean into attractively valued quality; opportunities to move up the risk curve “will eventually materialize but not quite yet.”
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Read More on LEN:
- Options Volatility and Implied Earnings Moves This Week, December 16 – December 20, 2024
- LEN Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Lennar price target lowered to $173 from $192 at JPMorgan
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- Lennar downgraded to Equal Weight from Overweight at Barclays
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