B of A Securities Rates Lennar (LEN) sell, $77 Price Target
Analyst Rafe Jadrosich keeps a sell stance on Lennar Corporation as Wall Street grows more cautious on the homebuilder, a 14.19% downside from the current price.
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B of A Securities rated Lennar Corporation ($LEN) "sell" with a $77 price target on June 15, 2026.
Since the rating, $LEN is down 2.6% after 1 week, down 4.4% after 1 month and down 13.0% to date (from the $88.64 close on Jun 15, 2026).
LEN
Lennar Corporation
Key Points
- B of A Securities reiterated its sell rating on Lennar Corporation NYSE:LEN with a $77.00 price target on June 15, 2026.
- B of A Securities's $77 price target implies 14.19% downside from Lennar Corporation's ($LEN) current $89.73 share price.
- Lennar shares trade near $89.73, sitting above its 50-day moving average of $84.01 while carrying a P/E ratio of 14.79.
- Across Wall Street, 13 analysts track the stock with a consensus hold recommendation and a mean price target of $80.08.
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B of A Securities Retains Its Cautious Stance
B of A Securities analyst Rafe Jadrosich reiterated a sell rating on Lennar Corporation NYSE:LEN on June 15, 2026. The firm kept its price target on the residential construction company at $77.00. This call aligns with a broader wave of cautious sentiment from other major financial institutions tracking the homebuilder.
Lennar Stock Trades Above Key Moving Average
Lennar shares traded around $89.73, placing the stock well above its 50-day moving average of $84.01, though below its 200-day moving average of $96.08. The stock has moved between a 52-week low of $75.70 and a high of $133.76. The company currently trades with a P/E ratio of 14.79 and a forward P/E of 14.45.
$LEN price target
Lennar Corporation daily closes and this analyst's $77 target. Not advice.
Wall Street Analyst Coverage and Consensus
Analyst opinion on Lennar reflects a cautious outlook across the board. On October 7, 2026, Wells Fargo maintained an Equal-Weight rating and lowered its price target to $75.00 from $80.00. Melius Research initiated coverage with a sell rating and a $72.00 target on October 6, 2026. Morgan Stanley also initiated coverage with an underweight rating and a $65.00 target on October 1, 2026. Keefe, Bruyette & Woods maintained an underperform rating and lowered its target to $75.00 from $85.00 on September 22, 2026. Citigroup maintained a neutral rating and trimmed its target to $85.00 from $88.00 on September 21, 2026. RBC Capital maintained an underperform rating with a reduced target of $69.00 on September 18, 2026. Barclays maintained an underweight rating with a lowered target of $70.00 on the same day, while Evercore ISI Group maintained an underperform rating and cut its target to $78.00. Across 13 analyst opinions, the stock holds a consensus hold recommendation with a mean price target of $80.08, ranging from a high of $120.00 to a low of $63.00.
Understanding Lennar Corporation
Lennar Corporation builds homes across the United States under its primary brand, operating through multiple regional homebuilding segments alongside financial services and multifamily development divisions. The company constructs single-family attached and detached homes while also developing residential land and rental properties. Its operations include mortgage financing and title services for homebuyers.
What to Watch at Lennar Corporation
Investors will look toward the company's next earnings report scheduled for December 15, 2026, to gauge housing demand and margin trends. Analyst price targets and rating adjustments will continue to guide market sentiment as the sector navigates shifting mortgage rates and broader economic conditions.
Related Filing Alerts
Source: B of A Securities's rating change on $LEN (Jun 15, 2026). Written by software, not financial advice. How we make alerts