Lennar falls as brokerages cut PT after Q4 results

Lennar

18/12/2025 12:28

** Homebuilder Lennar's LEN.N shares fall 2.5% to $109.38 premarket as six brokerages cut PT after Q4 profit miss reported on Tuesday

** BofA Global Research downgrades stock to 'underweight' from 'neutral,' says margins deteriorating faster than peers

** Sees FY26 adjusted EPS of $7 vs $9.24 previously, citing weaker margin and revenue outlook

** LEN trading at a significant premium to peers - BofA

** Barclays cuts FY26 adj. EPS estimate, flags "low conviction in margin stabilization"

** BTIG cuts PT to $90 from $96, citing higher mortgage rates and weak labor market

** PT a nearly 20% downside to its last close of $112.23

** While government intervention to reduce borrowing costs would improve affordability, this could then lead to re-accelerating home prices which would again strain affordability - BTIG

** 5 of 20 brokerages rate the stock "buy" or higher, 11 "hold" and 4 "sell" or lower; their median PT is $125 - LSEG data

** As of last close, LEN down nearly 15% YTD

 (Reporting by Utkarsh Tushar Hathi)

 ((utkarshtushar.hathi@homsonreuters.com))