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Lennar (LEN) Receives a Hold from Wells Fargo

Tipranks - Tipranks - Thu Apr 9, 5:22AM CDT

Wells Fargo analyst Sam Reid maintained a Hold rating on Lennar today and set a price target of $90.00.

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According to TipRanks, Reid is a 3-star analyst with an average return of 2.5% and a 48.24% success rate. Reid covers the Consumer Cyclical sector, focusing on stocks such as Toll Brothers, Lennar, and Mohawk.

In addition to Wells Fargo, Lennar also received a Hold from KBW’s Jade Rahmani in a report issued on April 1. However, today, Barclays maintained a Sell rating on Lennar (NYSE: LEN).

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Based on Lennar’s latest earnings release for the quarter ending November 30, the company reported a quarterly revenue of $9.37 billion and a net profit of $490.24 million. In comparison, last year the company earned a revenue of $10.02 billion and had a net profit of $1.1 billion

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