RBC Capital Downgrades Lennar (LEN) to Underperform
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/21/2026
- Wall St indexes advance with boost from chips, Iran optimism
- Intel soars after Trump says Apple agreed to work with chipmaker on US production
- Apple CEO warns price hikes 'unavoidable' as chip costs bite - WSJ
- Wall Street scrambles to lift Micron price targets ahead of earnings
- SanDisk and Micron surge as Apple confirms memory price pass-through
- Zelenskiy: best guarantee of Europe's future is fast-track EU membership for Ukraine
- Needham Starts NeoVolta (NEOV) at Buy
- Tesla acquires AI hardware company for up to $2 billion in stock
- Bel Fuse acquires dataMate ethernet business for $16 million
- Fed: Nine Of 18 FOMC Participants Pencil In 2026 Rate Hike
Lennar (LEN) PT Lowered to $80 at JPMorgan
December 18, 2025 6:56 AM ESTJPMorgan analyst Michael Rehaut lowered the price target on Lennar (NYSE: LEN) to $80.00 (from $115.00) while maintaining a Underweight rating.
The analyst comments "Following LENs 4Q (Nov-end) earnings call, we provide our key takeaways below (pre-call bullets in the body of this note). Overall, LEN declined 5% today, below our universes 1% average decline (ex-LEN; S&P: -1%), we believe largely driven by 1Q26 gross margin guidance down 100-200 bps sequentially, solidly below investor expectations. Regarding guidance, LEN expects FY26 closings of 85.0K, which represents growth of 3% YOY, modestly below our 85.8K estimate (up 5%... More
