Lennar price target raised to $179 from $170 at Citi

Citi raised the firm’s price target on Lennar to $179 from $170 and keeps a Buy rating on the shares. The stock traded down despite a fiscal Q1 beat and generally solid demand as investors were looking for more positive commentary on early spring season pricing, the analyst tells investors in a research note. The firm believes Lennar is executing on its pace-over-price strategy.