Wells Fargo Reaffirms Their Hold Rating on Lennar (LEN)
In a report released today, Sam Reid from Wells Fargo maintained a Hold rating on Lennar, with a price target of $85.00.
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According to TipRanks, Reid is a 3-star analyst with an average return of 3.7% and a 54.26% success rate. Reid covers the Consumer Cyclical sector, focusing on stocks such as Toll Brothers, DR Horton, and KB Home.
In addition to Wells Fargo, Lennar also received a Hold from Goldman Sachs’s Susan Maklari in a report issued on July 10. However, on July 15, Citi assigned a Sell rating to Lennar (NYSE: LEN).
Based on Lennar’s latest earnings release for the quarter ending May 31, the company reported a quarterly revenue of $7.94 billion and a net profit of $308.13 million. In comparison, last year the company earned a revenue of $8.38 billion and had a net profit of $477.45 million
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