Lennar Analyst Moves To Sidelines, Downgrades Stock And Awaits Better Entry Point
1. LEN downgraded from Outperform to Market Perform by Keefe, Bruyette & Woods. 2. Price forecast reduced from $152 to $141 amid macro challenges. 3. Analyst foresees a challenging Spring selling season for LEN. 4. Estimates for 2025-2026 earnings cut by 3%-4% to $11.89 and $13.44. 5. LEN shares down 3.12% to $121.32 following the downgrade.