KBW Sticks to Their Hold Rating for Lennar (LEN)
In a report released yesterday, Jade Rahmani from KBW maintained a Hold rating on Lennar, with a price target of $105.00. The company’s shares closed yesterday at $97.03.
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According to TipRanks, Rahmani is a 5-star analyst with an average return of 12.7% and a 65.42% success rate. Rahmani covers the Real Estate sector, focusing on stocks such as Sunrise Realty Trust Inc, CBRE Group, and Jones Lang Lasalle.
The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Lennar with a $95.27 average price target, implying a -1.81% downside from current levels. In a report released yesterday, Citi also assigned a Hold rating to the stock with a $104.00 price target.
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 price target lowered to $105 from $115 at Keefe Bruyette
- Lennar valuation ‘precariously out-of-line with peers,’ says Raymond James
- Lennar price target lowered to $89 from $91 at Evercore ISI
- Lennar price target lowered to $104 from $113 at Citi
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