Lennar said the revenue drop was primarily due to a 7% decline in the number of home deliveries to 22,206 and a 2.5% fall in ...
Lennar said higher mortgage rates have hurt sales, but the home builder also acknowledged that it needs to cut prices more to ...
Shares of Lennar (LEN) are extremely oversold and close to a level that may be support. There is a good chance a new uptrend ...
Lennar Corp missed Wall Street estimates for fourth-quarter profit and revenue on Wednesday, as potential buyers remained ...
Shares of Lennar (LEN) fell Thursday, a day after the home builder posted weaker-than-expected results and guidance as high mortgage rates limited sales. The company reported fourth-quarter ...
"The mortgage rate backdrop is challenged, but not at unprecedented levels," Batory wrote in a note to clients. And while Lennar is "lowering price and stepping up incentives aggressively," volume ...
Even so, incentives such as mortgage rate buy-downs remain an effective tool to attract buyers. Lennar's average sales incentive as a percentage of revenue was 10.8% during the quarter ...
JMP Securities analyst Aaron Hecht lowered the firm’s price target on Lennar (LEN) to $170 from $210 and keeps an Outperform rating on the ...
JMP Securities analyst Aaron Hecht maintained a Buy rating on Lennar (LEN – Research Report) today and set a price target of $170.00. The ...