Lennar price target raised to $164 from $161 at Evercore ISI

Evercore ISI analyst Stephen Kim raised the firm’s price target on Lennar to $164 from $161 and keeps an Outperform rating on the shares after Lennar reported Q3 adjusted diluted EPS of $3.91, ahead of the firm’s and Street consensus’ estimates. While the stock was down about 2.5% following earnings, Evercore views the company’s results and outlook “constructively, especially on orders,” says the analyst, who now models FY23 and FY24 EPS of $13.55 and $14.29, respectively.