Lennar price target raised to $210 from $177 at Barclays

Barclays raised the firm’s price target on Lennar to $210 from $177 on Friday and keeps an Overweight rating on the shares. The firm comes away from this print with no change to its view that Lennar’s idiosyncratic shift toward an asset-light model should still create long-term benefits for valuation, though the rate-fueled rally may take a near-term pause as investors digest a still-choppy fundamental backdrop.