RBC Capital Maintains Underperform on Lennar, Raises Price Target to $137
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Mike Dahl has maintained an Underperform rating on Lennar (NYSE:LEN) but increased the price target from $114 to $137.

December 18, 2023 | 1:58 pm
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Despite the Underperform rating, the raised price target from $114 to $137 by RBC Capital could be seen as a positive signal for Lennar's stock.
The increase in price target suggests that RBC Capital sees some positive aspects in Lennar's outlook, which could be due to improved market conditions or company performance. However, the Underperform rating indicates that the analyst believes the stock will not perform as well as the overall market. Investors might view the price target raise as a positive development, but the Underperform rating could temper any potential stock price increase.
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