Lennar (LEN) Gets a Hold from Wells Fargo
In a report released today, Sam Reid from Wells Fargo maintained a Hold rating on Lennar, with a price target of $105.00.
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According to TipRanks, Reid is a 3-star analyst with an average return of 2.3% and a 48.24% success rate. Reid covers the Consumer Cyclical sector, focusing on stocks such as Toll Brothers, PulteGroup, and DR Horton.
In addition to Wells Fargo, Lennar also received a Hold from TipRanks – Google’s Google Residential Construction in a report issued yesterday. However, on the same day, Bank of America Securities maintained a Sell rating on Lennar (NYSE: LEN).
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
Read More on LEN:
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- Lennar reports Q1 adjusted EPS 88c, consensus 95c
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