Wedbush Starts Lennar (LEN) at Neutral

September 20, 2016 7:11 AM EDT
Get Alerts LEN Hot Sheet
Price: $41.40 +2.63%

Rating Summary:
    19 Buy, 9 Hold, 0 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 30 | Down: 50 | New: 20
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Wedbush initiates coverage on Lennar (NYSE: LEN) with a Neutral rating and a price target of $46.00.

Analyst Jay McCanless commented, "We are initiating coverage of Lennar with a NEUTRAL rating and a $46 price target. Lennar has consistently posted solid results from its homebuilding business throughout the upturn. Ahead of its F3Q16 earnings release scheduled before the market open on 9/20, we see the shares as fairly valued at current levels."

For an analyst ratings summary and ratings history on Lennar click here. For more ratings news on Lennar click here.

Shares of Lennar closed at $45.09 yesterday.

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