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Lennar (LEN) Receives a Buy from J.P. Morgan

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J.P. Morgan analyst Michael Rehaut maintained a Buy rating on Lennar (LENResearch Report) on March 18 and set a price target of $108.00. The company’s shares closed last Monday at $88.22.

According to TipRanks.com, Rehaut is a 3-star analyst with an average return of 2.4% and a 51.9% success rate. Rehaut covers the Consumer Goods sector, focusing on stocks such as Stanley Black & Decker, Green Brick Partners, and Century Communities.

Currently, the analyst consensus on Lennar is a Moderate Buy with an average price target of $116.42, implying a 26.9% upside from current levels. In a report issued on March 18, UBS also maintained a Buy rating on the stock with a $154.00 price target.

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The company has a one-year high of $117.54 and a one-year low of $79.52. Currently, Lennar has an average volume of 2.59M.

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Incorporated in 1954, Florida-based Lennar Corp. is a homebuilder company, which provides real estate related financial and investment management services. It operates through the following segments: Homebuilding East, Homebuilding Central, Homebuilding Texas, Homebuilding West, Financial Services, Multifamily, and Lennar Other.

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