Lennar price target raised to $175 from $165 at Wells Fargo

Wells Fargo raised the firm’s price target on Lennar to $175 from $165 and keeps an Overweight rating on the shares. The firm sees the weakness post-earnings as one-part sector, two-parts Lennar, the analyst tells investors in a research note. Lennar’s Q1 was largely in line with expectations, though a potential land spinoff is adding additional noise, the firm says.