Breaking News

Over a week ago
Show Full Stories

X

To view all stories in expanded form, please subscribe.
Send Info
Hot Stocks
Home-builders under pressure after KB Home's results, ratings » 17:01
06/25/20
06/25
17:01
06/25/20
17:01
LEN

Lennar

$59.80 /

+0.8 (+1.36%)

, KBH

KB Home

$29.44 /

-3.94 (-11.80%)

, HOV

Hovnanian

$21.74 /

-1.06 (-4.65%)

, PHM

PulteGroup

$32.58 /

-1.25 (-3.69%)

, TOL

Toll Brothers

$30.54 /

-0.84 (-2.68%)

, BZH

Beazer Homes

$9.46 /

-0.16 (-1.66%)

, DHI

D.R. Horton

$54.13 /

+0.1 (+0.19%)

Shares of home-builder…

Shares of home-builder stocks are under pressure on Thursday after peer KB Home (KBH) reported quarterly earnings and guidance that disappointed investors. The home-builder group, which has been a darling of Wall Street investors over the past year, is showing some strain amid a recent rebound in COVID-19 cases. KB DISAPPOINTS: On Wednesday evening, KB Home reported Q2 EPS ahead of analyst expectations on revenue that was slightly less than anticipated. For the current quarter, the home builder forecast housing revenue of $820M-$880M, lower than the consensus estimate of $1.06B. COVID RESURGENCE: KB noted that it expects employment, consumer confidence and other fundamental housing factors to also improve. "However, the speed, trajectory and strength of any such recovery remains highly uncertain, and it could be slowed or reversed by a number of factors, including a possible widespread resurgence in COVID-19 infections in the second half of 2020 without the availability of generally effective therapeutics or a vaccine for the disease," the home-builder added in a statement. ANALYST DOWNGRADES: On June 9, RBC Capital analyst Mike Dahl downgraded KB Home to Sector Perform from Outperform with a price target of $34, up from $26. Also in early June, JPMorgan analyst Michael Rehaut downgraded KB Home to Underweight from Neutral with a $32 price target. PRICE ACTION: Shares of KB Home ended the session down 12% to $29.83 per share. OTHER HOME-BUILDERS: Most of KB Homes' peers, including Hovnanian (HOV), PulteGroup (PHM), Toll Brothers (TOL), and D.R. Horton (DHI), were also lower, although Lennar (LEN) was up over 1%.

ShowHide Related Items >><<
TOL Toll Brothers
$30.54 /

-0.84 (-2.68%)

PHM PulteGroup
$32.58 /

-1.25 (-3.69%)

LEN Lennar
$59.80 /

+0.8 (+1.36%)

KBH KB Home
$29.44 /

-3.94 (-11.80%)

HOV Hovnanian
$21.74 /

-1.06 (-4.65%)

DHI D.R. Horton
$54.13 /

+0.1 (+0.19%)

BZH Beazer Homes
$9.46 /

-0.16 (-1.66%)

LEN Lennar
$59.80 /

+0.8 (+1.36%)

06/18/20 Raymond James
Lennar price target raised to $75 from $41 at Raymond James
06/17/20 RBC Capital
Lennar price target raised to $68 from $61 at RBC Capital
06/17/20 Wells Fargo
Lennar price target raised to $72 from $67 at Wells Fargo
06/17/20 Credit Suisse
Lennar price target raised to $71 from $62 at Credit Suisse
KBH KB Home
$29.44 /

-3.94 (-11.80%)

06/25/20
Fly Intel: Top five analyst downgrades
06/25/20 Wells Fargo
KB Home price target raised to $33 from $24 at Wells Fargo
06/25/20 RBC Capital
KB Home price target lowered to $33 from $34 at RBC Capital
06/25/20 Evercore ISI
KB Home downgraded to In Line from Outperform at Evercore ISI
HOV Hovnanian
$21.74 /

-1.06 (-4.65%)

12/27/19 Wedbush
Lower homes supply should support homebuilder pricing power, says Wedbush
12/06/19 Buckingham
Hovnanian price target raised to $27 from $24 at Buckingham
PHM PulteGroup
$32.58 /

-1.25 (-3.69%)

06/15/20 Citi
PulteGroup price target raised to $43 from $32 at Citi
06/11/20 JPMorgan
PulteGroup upgraded, KB downgraded as JPMorgan adjusts homebuilder ratings
06/11/20 JPMorgan
PulteGroup upgraded to Overweight from Neutral at JPMorgan
05/28/20 Zelman
Taylor Morrison added to Top Idea Basket at Zelman, PulteGroup removed
TOL Toll Brothers
$30.54 /

-0.84 (-2.68%)

06/15/20 Citi
Toll Brothers price target raised to $34 from $33 at Citi
06/05/20 Evercore ISI
Toll Brothers upgraded to Outperform from In Line at Evercore ISI
05/29/20 Keefe Bruyette
Toll Brothers price target raised to $36 from $27 at Keefe Bruyette
05/29/20 RBC Capital
Toll Brothers price target raised to $37 from $31 at RBC Capital
BZH Beazer Homes
$9.46 /

-0.16 (-1.66%)

04/07/20 Wedbush
Beazer Homes price target lowered to $8 from $16 at Wedbush
01/31/20 Wedbush
Wedbush doesn't see new catalyst emerging for Beazer Homes shares
01/31/20 Wedbush
Beazer Homes downgraded to Neutral from Outperform at Wedbush
DHI D.R. Horton
$54.13 /

+0.1 (+0.19%)

06/15/20 BTIG
D.R. Horton price target raised to $63 from $51 at BTIG
06/15/20 Citi
D.R. Horton price target raised to $69 from $56 at Citi
06/11/20 JPMorgan
D.R. Horton downgraded to Neutral from Overweight at JPMorgan
TOL Toll Brothers
$30.54 /

-0.84 (-2.68%)

PHM PulteGroup
$32.58 /

-1.25 (-3.69%)

LEN Lennar
$59.80 /

+0.8 (+1.36%)

KBH KB Home
$29.44 /

-3.94 (-11.80%)

HOV Hovnanian
$21.74 /

-1.06 (-4.65%)

DHI D.R. Horton
$54.13 /

+0.1 (+0.19%)

BZH Beazer Homes
$9.46 /

-0.16 (-1.66%)

DHI D.R. Horton
$54.13 /

+0.1 (+0.19%)

TOL Toll Brothers
$30.54 /

-0.84 (-2.68%)

PHM PulteGroup
$32.58 /

-1.25 (-3.69%)

LEN Lennar
$59.80 /

+0.8 (+1.36%)

KBH KB Home
$29.44 /

-3.94 (-11.80%)

BZH Beazer Homes
$9.46 /

-0.16 (-1.66%)

LEN Lennar
$59.80 /

+0.8 (+1.36%)

KBH KB Home
$29.44 /

-3.94 (-11.80%)

DHI D.R. Horton
$54.13 /

+0.1 (+0.19%)

Hot Stocks
Limoneira joint venture closes additional four condominium lots with Lennar » 08:41
06/23/20
06/23
08:41
06/23/20
08:41
LMNR

Limoneira

$13.00 /

+ (+0.00%)

, LEN

Lennar

$61.16 /

+0.91 (+1.51%)

Limoneira (LMNR)…

Limoneira (LMNR) announced that its 50/50 real estate development joint venture with The Lewis Group of Companies has closed an additional four condominium lots for 68 single-family homes with Lennar (LEN). Lennar is one of the primary builders in the initial 632 residential units of the company's Harvest at Limoneira project. Lennar is expanding its investment in Harvest at Limoneira project with the purchase of four additional condominium lots for 68 single-family homes. Lennar plan to build three two-story homes ranging from 2,213 to 2,452 square feet on these new lots. Including this announcement, Lennar has now purchased a total of 187 residential units within Harvest at Limoneira, comprised of 55 single-family lots and eight condominium lots that include 132 single-family residences.

ShowHide Related Items >><<
LMNR Limoneira
$13.00 /

+ (+0.00%)

LEN Lennar
$61.16 /

+0.91 (+1.51%)

LMNR Limoneira
$13.00 /

+ (+0.00%)

04/27/20 National Securities
Limoneira upgraded to Buy from Neutral at National Securities
03/12/20 Roth Capital
Limoneira price target lowered to $17 from $22 at Roth Capital
03/12/20 Lake Street
Limoneira price target lowered to $18 from $23 at Lake Street
03/12/20 National Securities
Limoneira downgraded to Neutral from Buy at National Securities
LEN Lennar
$61.16 /

+0.91 (+1.51%)

06/18/20 Raymond James
Lennar price target raised to $75 from $41 at Raymond James
06/17/20 RBC Capital
Lennar price target raised to $68 from $61 at RBC Capital
06/17/20 Wells Fargo
Lennar price target raised to $72 from $67 at Wells Fargo
06/17/20 Credit Suisse
Lennar price target raised to $71 from $62 at Credit Suisse
LMNR Limoneira
$13.00 /

+ (+0.00%)

LEN Lennar
$61.16 /

+0.91 (+1.51%)

LMNR Limoneira
$13.00 /

+ (+0.00%)

LEN Lennar
$61.16 /

+0.91 (+1.51%)

LEN Lennar
$61.16 /

+0.91 (+1.51%)

Recommendations
Lennar price target raised to $75 from $41 at Raymond James » 09:33
06/18/20
06/18
09:33
06/18/20
09:33
LEN

Lennar

$63.49 /

-0.44 (-0.69%)

Raymond James analyst…

Raymond James analyst Buck Horne raised the firm's price target on Lennar to $75 from $41 and keeps an Outperform rating on the shares to reflect the "remarkable" recovery in new home demand since late April. Lennar's fortuitous market positioning and efficient high-volume production methods should enable further market share gains, Horne tells investors in a research note.

ShowHide Related Items >><<
LEN Lennar
$63.49 /

-0.44 (-0.69%)

LEN Lennar
$63.49 /

-0.44 (-0.69%)

06/17/20 RBC Capital
Lennar price target raised to $68 from $61 at RBC Capital
06/17/20 Wells Fargo
Lennar price target raised to $72 from $67 at Wells Fargo
06/17/20 Credit Suisse
Lennar price target raised to $71 from $62 at Credit Suisse
06/17/20 Barclays
Lennar price target raised to $70 from $63 at Barclays
LEN Lennar
$63.49 /

-0.44 (-0.69%)

LEN Lennar
$63.49 /

-0.44 (-0.69%)

LEN Lennar
$63.49 /

-0.44 (-0.69%)

Recommendations
Lennar price target raised to $68 from $61 at RBC Capital » 08:55
06/17/20
06/17
08:55
06/17/20
08:55
LEN

Lennar

$63.93 /

+0.31 (+0.49%)

RBC Capital analyst…

RBC Capital analyst Michael Dahl raised the firm's price target on Lennar to $68 from $61 after its Q2 results and FY20 guidance update. The outlook may disappoint high buy-side expectations, but the company's strong margins should gain investor focus, the analyst tells investors in a research note. Dahl adds that Lennar's June trends imply that if current demand persists, the management's order guidance could end up being conservative. The analyst further states that while the homebuilder is well positioned, share are trading closer to fair value, as he keeps his Sector Perform rating on the stock.

ShowHide Related Items >><<
LEN Lennar
$63.93 /

+0.31 (+0.49%)

LEN Lennar
$63.93 /

+0.31 (+0.49%)

06/17/20 Wells Fargo
Lennar price target raised to $72 from $67 at Wells Fargo
06/17/20 Credit Suisse
Lennar price target raised to $71 from $62 at Credit Suisse
06/17/20 Barclays
Lennar price target raised to $70 from $63 at Barclays
06/17/20 BTIG
Lennar price target raised to $75 from $70 at BTIG
LEN Lennar
$63.93 /

+0.31 (+0.49%)

LEN Lennar
$63.93 /

+0.31 (+0.49%)

LEN Lennar
$63.93 /

+0.31 (+0.49%)

Recommendations
Lennar price target raised to $72 from $67 at Wells Fargo » 07:53
06/17/20
06/17
07:53
06/17/20
07:53
LEN

Lennar

$63.93 /

+0.31 (+0.49%)

Wells Fargo analyst…

Wells Fargo analyst Truman Patterson raised the firm's price target on Lennar to $72 from $67 and keeps an Overweight rating on the shares. While the analyst believes the company and the market's near- and long-term prospects remain favorable for a variety of reasons, the path in which it gets there could be choppy. Overall, Patterson thinks Lennar's internal cost reduction/efficiency initiatives are driving sustainable gross margin improvements.

ShowHide Related Items >><<
LEN Lennar
$63.93 /

+0.31 (+0.49%)

LEN Lennar
$63.93 /

+0.31 (+0.49%)

06/17/20 Credit Suisse
Lennar price target raised to $71 from $62 at Credit Suisse
06/17/20 Barclays
Lennar price target raised to $70 from $63 at Barclays
06/17/20 BTIG
Lennar price target raised to $75 from $70 at BTIG
06/17/20 Keefe Bruyette
Lennar price target raised to $75 from $56 at Keefe Bruyette
LEN Lennar
$63.93 /

+0.31 (+0.49%)

LEN Lennar
$63.93 /

+0.31 (+0.49%)

LEN Lennar
$63.93 /

+0.31 (+0.49%)

Recommendations
Lennar price target raised to $71 from $62 at Credit Suisse » 07:40
06/17/20
06/17
07:40
06/17/20
07:40
LEN

Lennar

$63.93 /

+0.31 (+0.49%)

Credit Suisse analyst…

Credit Suisse analyst Adam Baumgarten raised the firm's price target on Lennar to $71 from $62 and keeps a Neutral rating on the shares. The analyst notes that the company has seen order growth improve both month-over-month and year-over-year in May and June, with June net order growth up over 20% year-over-year versus 7%-plus in May. The improvement in orders was also met with higher pricing and reduced incentives, driving backlog gross margins higher than the levels generated for Q2 deliveries, he adds.

ShowHide Related Items >><<
LEN Lennar
$63.93 /

+0.31 (+0.49%)

LEN Lennar
$63.93 /

+0.31 (+0.49%)

06/17/20 Barclays
Lennar price target raised to $70 from $63 at Barclays
06/17/20 BTIG
Lennar price target raised to $75 from $70 at BTIG
06/17/20 Keefe Bruyette
Lennar price target raised to $75 from $56 at Keefe Bruyette
06/16/20 Wedbush
Lennar price target raised to $68 from $63 at Wedbush
LEN Lennar
$63.93 /

+0.31 (+0.49%)

LEN Lennar
$63.93 /

+0.31 (+0.49%)

LEN Lennar
$63.93 /

+0.31 (+0.49%)

Recommendations
Lennar price target raised to $70 from $63 at Barclays » 07:20
06/17/20
06/17
07:20
06/17/20
07:20
LEN

Lennar

$63.93 /

+0.31 (+0.49%)

Barclays analyst Matthew…

Barclays analyst Matthew Bouley raised the firm's price target on Lennar to $70 from $63 and keeps an Overweight rating on the shares. The company's Q2 results and reinstated 2020 guidance demonstrates a "strong margin outlook and appropriately conservative" orders and closings assumptions, Bouley tells investors in a research note.

ShowHide Related Items >><<
LEN Lennar
$63.93 /

+0.31 (+0.49%)

LEN Lennar
$63.93 /

+0.31 (+0.49%)

06/17/20 BTIG
Lennar price target raised to $75 from $70 at BTIG
06/17/20 Keefe Bruyette
Lennar price target raised to $75 from $56 at Keefe Bruyette
06/16/20 Wedbush
Lennar price target raised to $68 from $63 at Wedbush
06/15/20 BTIG
Lennar price target raised to $70 from $50 at BTIG
LEN Lennar
$63.93 /

+0.31 (+0.49%)

LEN Lennar
$63.93 /

+0.31 (+0.49%)

LEN Lennar
$63.93 /

+0.31 (+0.49%)

Recommendations
Lennar price target raised to $75 from $70 at BTIG » 07:20
06/17/20
06/17
07:20
06/17/20
07:20
LEN

Lennar

$63.93 /

+0.31 (+0.49%)

BTIG analyst Carl…

BTIG analyst Carl Reichardt raised the firm's price target on Lennar to $75 from $70 and keeps a Buy rating on the shares after its Q2 results and FY20 guidance update. While the company guided to down orders in the second half of FY20, the analyst sees "likely upside" to that outlook, adding that annual growth should resume in Q2 of next year. Reichardt further states that Lennar's efforts to improve its business are "tangibly" appearing in gross margin, which expanded 150bps from last year.

ShowHide Related Items >><<
LEN Lennar
$63.93 /

+0.31 (+0.49%)

LEN Lennar
$63.93 /

+0.31 (+0.49%)

06/17/20 Keefe Bruyette
Lennar price target raised to $75 from $56 at Keefe Bruyette
06/16/20 Wedbush
Lennar price target raised to $68 from $63 at Wedbush
06/15/20 BTIG
Lennar price target raised to $70 from $50 at BTIG
06/15/20 Citi
Lennar price target raised to $76 from $53 at Citi
LEN Lennar
$63.93 /

+0.31 (+0.49%)

LEN Lennar
$63.93 /

+0.31 (+0.49%)

LEN Lennar
$63.93 /

+0.31 (+0.49%)

Recommendations
Lennar price target raised to $75 from $56 at Keefe Bruyette » 07:01
06/17/20
06/17
07:01
06/17/20
07:01
LEN

Lennar

$63.93 /

+0.31 (+0.49%)

Keefe Bruyette analyst…

Keefe Bruyette analyst Jade Rahmani raised the firm's price target on Lennar to $75 from $56 and keeps an Outperform rating on the shares. Following the company's fiscal Q2 report, the analyst increased forward estimates for Lennar by 40%, incorporating the reinstated 2020 guidance and a "stronger" recovery. Management's commentary was cautiously optimistic, citing a 20% increase in orders in the first half of June and indications of a potential shift in demand for suburban housing and new homes, Rahmani tells investors in a research note.

ShowHide Related Items >><<
LEN Lennar
$63.93 /

+0.31 (+0.49%)

LEN Lennar
$63.93 /

+0.31 (+0.49%)

06/16/20 Wedbush
Lennar price target raised to $68 from $63 at Wedbush
06/15/20 BTIG
Lennar price target raised to $70 from $50 at BTIG
06/15/20 Citi
Lennar price target raised to $76 from $53 at Citi
06/12/20 Wells Fargo
Lennar price target raised to $67 from $36 at Wells Fargo
LEN Lennar
$63.93 /

+0.31 (+0.49%)

LEN Lennar
$63.93 /

+0.31 (+0.49%)

LEN Lennar
$63.93 /

+0.31 (+0.49%)

Hot Stocks
Lennar sees community count up 5% in 2021  12:19
06/16/20
06/16
12:19
06/16/20
12:19
LEN

Lennar

$62.81 /

-0.81 (-1.27%)

 
ShowHide Related Items >><<
LEN Lennar
$62.81 /

-0.81 (-1.27%)

LEN Lennar
$62.81 /

-0.81 (-1.27%)

06/16/20 Wedbush
Lennar price target raised to $68 from $63 at Wedbush
06/15/20 BTIG
Lennar price target raised to $70 from $50 at BTIG
06/15/20 Citi
Lennar price target raised to $76 from $53 at Citi
06/12/20 Wells Fargo
Lennar price target raised to $67 from $36 at Wells Fargo
LEN Lennar
$62.81 /

-0.81 (-1.27%)

LEN Lennar
$62.81 /

-0.81 (-1.27%)

LEN Lennar
$62.81 /

-0.81 (-1.27%)

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.