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Wells Fargo Sticks to Its Hold Rating for Lennar (LEN)

Tipranks - Tipranks - Wed Jan 21, 6:56AM CST

In a report released on January 16, Sam Reid from Wells Fargo maintained a Hold rating on Lennar, with a price target of $105.00. The company’s shares closed last Friday at $118.59.

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According to TipRanks, Reid is a 4-star analyst with an average return of 7.8% and a 62.16% success rate. Reid covers the Consumer Cyclical sector, focusing on stocks such as DR Horton, Mohawk, and Toll Brothers.

Lennar has an analyst consensus of Moderate Sell, with a price target consensus of $101.18, which is a -14.68% downside from current levels. In a report released on January 13, Goldman Sachs also maintained a Hold rating on the stock with a $125.00 price target.

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Based on Lennar’s latest earnings release for the quarter ending August 31, the company reported a quarterly revenue of $8.8 billion and a net profit of $590.97 million. In comparison, last year the company earned a revenue of $9.39 billion and had a net profit of $1.16 billion

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