Lennar price target raised by $33 at Barclays, here’s why

Barclays raised the firm’s price target on Lennar to $165 from $132 and keeps an Overweight rating on the shares. The analyst remains constructive on homebuilders and is now incrementally positive on building products, leading the firm to raise its industry view to Positive. The sector upgrade reflects ab upbeat view across both subsectors, the analyst tells investors in a research note.