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) but lowered its price target from $148.00 to $139.00. Lennar's shares are currently trading up 1.14% at $120.02 per share. A move to $139.00 would represent a 15.81% increase from the current share price.
September 11, 2023 | 5:00 pm
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Citigroup maintains its Buy rating for Lennar but lowers its price target. This could potentially lead to an increase in the stock's price if the market reacts positively to the maintained Buy rating.
The maintained Buy rating from Citigroup indicates a positive outlook for Lennar's stock. However, the lowered price target might indicate a slower growth than previously expected. The market's reaction to this news will determine the short-term impact on the stock's price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100