Lennar shares are trading lower after Goldman Sachs downgraded the stock from Buy to Neutral and lowered its price target from $180 to $174.
Portfolio Pulse from Benzinga Newsdesk
Lennar shares are trading lower after Goldman Sachs downgraded the stock from Buy to Neutral and lowered its price target from $180 to $174.
July 22, 2024 | 11:15 am
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NEGATIVE IMPACT
Goldman Sachs downgraded Lennar from Buy to Neutral and reduced its price target from $180 to $174, causing the stock to trade lower.
The downgrade from a major financial institution like Goldman Sachs typically leads to a negative market reaction. The reduction in the price target further reinforces the bearish sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100