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LEN

Lennar

$43.15

-0.16 (-0.37%)

08:09
10/15/18
10/15
08:09
10/15/18
08:09

Lennar price target lowered to $60 from $70 at Argus

Argus analyst Chris Graja lowered his price target on Lennar to $60 and also lowered his Q4 EPS view by 8c to $2.05 and Q4 home deliveries to 14.5K from 15.0K units. The analyst cites the combination of hurricane disruption and "slightly softer market conditions" in continuation of the company's "slower sales and moderation in traffic" during Q3. Graja keeps his Buy rating on Lennar over the longer-term however, stating that valuation remains attractive based on the company's "solid financial strength, effective use of technology to reduce costs and an excellent offering for first-time buyers". The analyst further cites Lennar's favorable valuation of 1-time book value.

LEN Lennar
$43.15

-0.16 (-0.37%)

10/05/18
JMPS
10/05/18
NO CHANGE
Target $56
JMPS
Outperform
Lennar price target lowered to $56 from $77 at JMP Securities
JMP Securities analyst Peter Martin increased his FY18 EPS estimate for Lennar by 10c following the company's Q3 results and guidance, but lowered his FY19 EPS estimate by 19c due to a reduction in his gross margin outlook and a lower average selling price forecast. His initial 2020 estimates assume flat community count and deliveries to reflect his view of a normalization of housing fundamentals due to rising rates, but not a material end of cycle slowdown, he tells investors. Net of the estimate changes, he lowered his price target on Lennar shares to $56 from $77 and keeps an Outperform rating on the stock.
10/04/18
MKMP
10/04/18
NO CHANGE
Target $61
MKMP
Buy
Lennar price target lowered to $61 from $71 at MKM Partners
MKM Partners analyst Megan McGrath lowered his price target on Lennar to $61, saying that while the company posted a "very solid" Q3 with strong order growth and better than expected margins, its guide-down for Q4 and fears over home-building market slowdown overshadowed the results. The analyst also keeps her Buy rating on Lennar, stating that the company is "unique" among home-builders based on its outperformance in growth as well as its solid balance sheet.
10/04/18
FBCO
10/04/18
NO CHANGE
Target $55
FBCO
Outperform
Lennar price target lowered to $55 from $65 at Credit Suisse
Credit Suisse analyst Susan Maklari lowered her price target for Lennar to $55 from $65 to reflect broader multiple compression across the group. The analyst reiterates an Outperform rating on the shares as he believes Lennar can benefit from its acumen at integrating complex transactions and the ongoing ability to drive overhead leverage.
10/04/18
RBCM
10/04/18
NO CHANGE
Target $63
RBCM
Outperform
Lennar price target lowered to $63 from $66 at RBC Capital
RBC Capital analyst Mike Dahl lowered his price target on Lennar to $63 after its Q3 results and lowered Q4 guidance, also reducing his FY19 EPS view to $6.83 from $7.03. The analyst notes that the guidance cut was driven by non-core items however and calls it "fairly mild" relative to the extreme negativity in the home-building industry. Dahl adds that while Lennar management has acknowledged the current pause in the cycle weighing on sentiment, he keeps his Outperform rating on the shares based on their "attractive" valuation at less than 7-times his expected forward earnings.

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ARWR

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SXT

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T

AT&T

$37.82

0.03 (0.08%)

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HBO Max to stream Studio Ghibli films, Reuters says »

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OMAB

OMA

$52.10

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MAR

Marriott

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SPY

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GM

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T

AT&T

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WAL

Western Alliance

$46.24

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RNLSY

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LOVE

Lovesac

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T

AT&T

$37.82

0.03 (0.08%)

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ATVI

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BDN

Brandywine Realty

$14.68

0.13 (0.89%)

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BDN

Brandywine Realty

$14.68

0.13 (0.89%)

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BDN

Brandywine Realty

$14.68

0.13 (0.89%)

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GIL

Gildan Activewear

$35.38

0.095 (0.27%)

17:08
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BDN

Brandywine Realty

$14.68

0.13 (0.89%)

17:07
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Earnings
Brandywine Realty narrows FY19 FFO guidance to $1.41-$1.43 from $1.40-$1.44 

Consensus $1.42.

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BDN

Brandywine Realty

$14.68

0.13 (0.89%)

17:07
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Earnings
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