Lennar Q2 results top estimates despite fall in home prices as high rates weigh

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Go back to Lennar Q2 results top estimates despite fall in home prices as high rates weigh

UBS Reiterates Buy Rating on Lennar (LEN)

June 18, 2024 6:21 AM EDT

UBS analyst John Lovallo reiterated a Buy rating and $198.00 price target on Lennar (NYSE: LEN).

The analyst comments "LEN reported FY2Q adj. EPS of $3.38, above UBSe/Cons. of $3.25/$3.26. The homebuilding operating profit $ beat vs UBSe was driven by better than expected home sales revenue and adj. gross margin, but homebuilding adj. op.... More