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Lennar Upgraded to “Buy” at Compass Point; Valuation Looks Attractive (LEN)
Analysts at Compass Point Research reported that they upgraded homebuilder Lennar Corporation(LEN
) on Tuesday.
The firm has increased their rating on LEN from “Neutral” to “Buy,” and has given the company a price target of $49.50. This price target suggests a 14.5% increase from the stock’s current price of $42.28. Compass Point said it made the move based on a seemingly attractive valuation for LEN at current levels.
Lennar shares were up 33 cents, or 0.79% during Tuesday morning trading. The stock has increased 90% in the past year.
The Bottom Line
Shares of Lennar Corporation(LEN) have a 0.37% yield, based on Monday’s closing price of $42.72.
Lennar Corporation(LEN) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars.
Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.
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