◆ NeutralLENLEN.BBRK.ABRK.B

Wall Street Has Written Off Lennar. Here's Why That's a Mistake.

The Motley Fool·
Wall Street Has Written Off Lennar. Here's Why That's a Mistake.

Lennar stock has declined 20% year-to-date amid a struggling housing market, with Q3 revenue down 9% and earnings down 49%. Wall Street analysts have issued sell ratings with a median price target of $72.50 (15% downside), but Berkshire Hathaway has been accumulating shares, suggesting the stock may be oversold and positioned for recovery once mortgage rates ease and economic conditions improve.

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