Deutsche Bank Downgrades Lennar (LEN) to Hold
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Deutsche Bank downgrades Lennar (NYSE: LEN) to Hold.
The firm said Lennar likes to use joint ventures as a way to get ahead in the homebuilder industry, which is normally a positive, however, as of recent, with investors bracing for a "worst-case scenario", Lennar is greatly increasing its risk profile with such exposure.
Lennar Corporation operates as a homebuilder primarily in the United States. It constructs and sells single-family attached and detached homes, and to a lesser extent multi-level buildings to first-time, move-up, and active adult homebuyers.
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