Lennar (NYSE: LEN) received a number of price target changes and ratings updates during the last week:

  • Lennar had its “market perform” rating reaffirmed by analysts at Keefe, Bruyette & Woods. They now have a $28.00 price target on the stock.
  • Lennar had its price target raised by analysts at FBR Capital from $35.00 to $44.00. They now have an “outperform” rating on the stock.
  • Lennar was downgraded by analysts at Barclays Capital from an “overweight” rating to an “equal weight” rating. They now have a $42.00 price target on the stock, up previously from $35.00.
  • Lennar had its price target raised by analysts at UBS AG from $30.00 to $38.00. They now have a “neutral” rating on the stock.
  • Lennar had its “outperform” rating reaffirmed by analysts at RBC Capital. They now have a $46.00 price target on the stock.
  • Lennar had its price target raised by analysts at ISI Group to $43.00. They wrote, “Given… results, its history of executing, its gameplan and specific financial outlook, we are raising our estimates for next quarter and next year, while moving up our price target to $43. It is no secret we have been worried about this group’s equity move that has been nearly vertical. Thus, in the short run, it could be a bit choppy. However, we believe the market is recovering and LEN is one of the best plays to ride the recovery over the next 12-24 months. While stepping aside is very easy given the returns, we believe the group will trade significantly higher on the back of growing book values.”
  • Lennar had its “overweight” rating reaffirmed by analysts at JPMorgan Chase.
  • Lennar was downgraded by analysts at Susquehanna from a “neutral” rating to a “neutral” rating. They now have a $25.00 price target on the stock, down previously from $27.00.
  • Lennar had its price target raised by analysts at Credit Suisse to $35.50. They now have an “outperform” rating on the stock.
  • Lennar had its “fairly valued” rating reaffirmed by analysts at CRT Capital.

Lennar Co. opened at 35.26 on Friday. Lennar Co. has a 52-week low of $12.14 and a 52-week high of $38.27. The company has a market cap of $6.654 billion and a price-to-earnings ratio of 12.51.

Lennar Corporation is a homebuilder and a provider of financial services. The Company, through its Rialto Investments (Rialto) segment, is an investor in distressed real estate assets.