Wells Fargo Downgrades Lennar to Equal-Weight, Lowers Price Target to $190
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Sam Reid has downgraded Lennar (NYSE:LEN) from Overweight to Equal-Weight and reduced the price target from $205 to $190.
October 07, 2024 | 4:29 pm
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Wells Fargo has downgraded Lennar from Overweight to Equal-Weight and reduced the price target to $190, indicating a less bullish outlook.
The downgrade from Overweight to Equal-Weight by a major financial institution like Wells Fargo suggests a less optimistic view on Lennar's stock performance. The reduction in the price target from $205 to $190 further supports this sentiment, likely leading to a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100