RBC Capital and Barclays both lowered their price targets on Lennar Corporation on June 15, citing weaker housing demand and earnings risks. RBC reduced its target to $85 from $88 while maintaining an Underperform rating, pointing to softer-than-expected third-quarter guidance and cutting fiscal 2026 and 2027 earnings-per-share forecasts by 12% and 10% respectively. Barclays lowered its target to $79 from $80 with an Underweight rating, flagging concerns over the company's land banking strategy and potential further downward earnings revisions.
Lennar CorporationRBC and Barclays cut price targets and lowered EPS forecasts due to weaker housing demand and earnings risks.