Citigroup Maintains Buy Rating for Lennar: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Citigroup has maintained its Buy rating for Lennar (NYSE:LEN) and increased its price target from $139.00 to $148.00. Despite Lennar's shares trading down 2.92% over the last 24 hours, Citigroup's new price target would represent a 23.03% increase from the current share price.
July 06, 2023 | 5:01 pm
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Citigroup has maintained its Buy rating for Lennar and raised its price target, indicating a positive outlook for the company despite recent share price decline.
Citigroup's decision to maintain a Buy rating and raise the price target for Lennar indicates a positive outlook for the company. This could potentially attract more investors, driving up the demand and price of Lennar's shares in the short term. However, the recent decline in share price suggests some market uncertainty, which could moderate the impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100