Higher prices boost Lennar profit in tight U.S. housing market
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JPMorgan Upgrades Lennar (LEN) to Overweight, Says Transformation Not Reflected in Valuation
June 18, 2021 2:58 AM EDTJPMorgan analyst Michael Rehaut upgraded Lennar (NYSE: LEN) from Neutral to Overweight with a price target of $141.00 (from $115.00).
The analyst comments "We are upgrading LEN to Overweight from Neutral, as following its 2Q (Mayend) earnings and conference call, we view the stock as attractive relative to its... More
