Goldman Sachs Starts Lennar (LEN) at Neutral
Goldman Sachs initiates coverage on Lennar (NYSE: LEN) with a Neutral. PT $36.00.
The firm commentsm "... we remain Neutral given the already premium valuation and the uncertainty that Rialto will add to earnings. Lennar is staffing up Rialto for future growth potential, but it is difficult to get a read what the potential will be â and in our experience additional complexity in a story can deter some investors."
For an analyst ratings summary and ratings history on Lennar click here. For more ratings news on Lennar click here. Shares of Lennar closed at $35.25 yesterday, with a 52 week range of $25.77-$44.40.
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