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.
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