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Wells Fargo Keeps Their Hold Rating on Lennar (LEN)

Tipranks - Tipranks - Sat Jun 13, 5:48AM CDT

In a report released today, Sam Reid from Wells Fargo maintained a Hold rating on Lennar, with a price target of $90.00.

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According to TipRanks, Reid is a 4-star analyst with an average return of 3.9% and a 53.51% success rate. Reid covers the Consumer Cyclical sector, focusing on stocks such as Lennar, Toll Brothers, and DR Horton.

In addition to Wells Fargo, Lennar also received a Hold from Truist Financial’s Michael Roxland in a report issued yesterday. However, on the same day, Bank of America Securities reiterated a Sell 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 $7.63 billion and had a net profit of $519.53 million

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