Lennar: Wedbush upgrades stock
(CercleFinance.com) - Wedbush has upgraded Lennar shares from "underperform" to "neutral", as the housebuilder's shares have fallen below its target price, which remains $144; the broker also sees no potental catalyst to adjust its TP.
Regarding a possible land split, for which the group has no timetable, Wedbush estimates that the potential size of the operation could now be between six and eight billion dollars, compared with an initial estimate of $4bn.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
Regarding a possible land split, for which the group has no timetable, Wedbush estimates that the potential size of the operation could now be between six and eight billion dollars, compared with an initial estimate of $4bn.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.