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Lennar (LEN) Gets a Sell from Bank of America Securities

Tipranks - Tipranks - Tue Apr 21, 5:30AM CDT

In a report released today, Rafe Jadrosich from Bank of America Securities reiterated a Sell rating on Lennar, with a price target of $88.00.

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Jadrosich covers the Consumer Cyclical sector, focusing on stocks such as Somnigroup International, Lennar, and PulteGroup. According to TipRanks, Jadrosich has an average return of 9.2% and a 57.29% success rate on recommended stocks.

In addition to Bank of America Securities, Lennar also received a Sell from Evercore ISI’s Stephen Kim in a report issued on April 13. However, on April 10, Truist Financial maintained a Hold rating on Lennar (NYSE: LEN).

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Based on Lennar’s latest earnings release for the quarter ending February 28, the company reported a quarterly revenue of $6.62 billion and a net profit of $229.38 million. In comparison, last year the company earned a revenue of $7.62 billion and had a net profit of $519.53 million

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