Lennar price target raised to $180 from $175 at Argus

Argus raised the firm’s price target on Lennar to $180 from $175 and keeps a Buy rating on the shares. The analyst remains bullish on the long-term outlook for affordable housing and continues to believe demand for affordable homes exceeds supply by perhaps 2M-4M homes. The firm thinks Lennar has an edge over many of its rivals in producing affordable homes.