Lennar price target lowered to $236 from $240 at Evercore ISI

Evercore ISI lowered the firm’s price target on Lennar to $236 from $240 and keeps an Outperform rating on the shares. The firm, which continues to believe after the Q3 report that Lennar’s “fundamental changes are progressing in line with our revaluation thesis,” now models FY24 EPS of $14.05, from $14.39, and FY25 EPS of $16.21, from $16.85.