Lennar price target lowered to $192 from $205 at UBS

UBS lowered the firm’s price target on Lennar (LEN) to $192 from $205 and keeps a Buy rating on the shares. UBS views the setup for homebuilder stocks in 2025 favorably and believes market sentiment has rapidly shifted towards peak pessimism, which often creates the most attractive buying opportunities for the group, the analyst tells investors in a research note. The firm believes underlying housing fundamentals remain firmly intact and that the public builders are increasingly well-positioned to gain share from smaller, private competitors.