JP Morgan Maintains Neutral on Lennar, Lowers Price Target to $157
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Michael Rehaut has maintained a Neutral rating on Lennar (LEN) and reduced the price target from $161 to $157.
March 18, 2024 | 2:30 pm
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NEUTRAL IMPACT
JP Morgan analyst Michael Rehaut has maintained a Neutral rating on Lennar and reduced the price target from $161 to $157.
The adjustment in price target by a major analyst like JP Morgan, while maintaining a Neutral stance, suggests a slight negative sentiment but not enough to change the overall rating. This could lead to short-term price stability or slight negative pressure on Lennar's stock, as investors adjust their expectations based on the new target. However, the maintenance of a Neutral rating indicates that the analyst does not foresee significant downside or upside, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100