Citigroup Downgrades Lennar to Neutral, Lowers Price Target to $164
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Anthony Pettinari has downgraded Lennar (NYSE:LEN) from Buy to Neutral and lowered the price target from $174 to $164.
July 02, 2024 | 11:47 am
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Citigroup analyst Anthony Pettinari downgraded Lennar from Buy to Neutral and reduced the price target from $174 to $164.
The downgrade from Buy to Neutral and the reduction in the price target by Citigroup is likely to negatively impact Lennar's stock price in the short term as it reflects a less optimistic outlook from a major financial institution.
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