Lennar falls as brokerages cut PT after Q4 results

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