US homebuilder Lennar beats Q3 profit estimates on higher home deliveries
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Lennar (LEN) PT Raised to $196 at Citi
September 23, 2024 9:44 AM EDTCiti analyst Anthony Pettinari raised the price target on Lennar (NYSE: LEN) to $196.00 (from $164.00) while maintaining a Neutral rating.
The analyst comments "LEN shares fell -5% following the F3Q GM miss and est. ~200bp cut to F4Q GM guidance.... More
Lennar (LEN) PT Raised to $160 at RBC Capital
September 23, 2024 6:30 AM EDTRBC Capital analyst Mike Dahl raised the price target on Lennar (NYSE: LEN) to $160.00 (from $145.00) while maintaining a Underperform rating.
The analyst comments "Our 4Q24 EPS est. declines -4% to $4.17 vs. the $4.10-$4.25 guide, with FY25E +5% to $15.51 driven by higher deliveries and SG&A... More
Goldman Sachs Reiterates Neutral Rating on Lennar (LEN)
September 23, 2024 4:57 AM EDTGoldman Sachs analyst Susan Maklari reiterated a Neutral rating and $190.00 price target on Lennar (NYSE: LEN).
The analyst comments "We view Lennar's F3Q as a meaningful step towards a more cash generative strategy, as inventory turns rose and management targets... More
Goldman Sachs Reiterates Neutral Rating on Lennar (LEN)
September 20, 2024 5:15 AM EDTGoldman Sachs analyst Susan Maklari reiterated a Neutral rating and $182.00 price target on Lennar (NYSE: LEN).
The analyst comments "LEN reported F3Q adj. EPS of $3.90, above our $3.60 estimate and FactSet consensus of $3.64. Results were driven by: 1) HB revenues up 9% YOY vs our +5% estimate,... More
