Why This Lennar Analyst Is No Longer Bullish Despite Potential Rate Cut Benefits
Why This Lennar Analyst Is No Longer Bullish Despite Potential Rate Cut Benefits
Shares of Lennar Corp (NYSE:LEN) declined in premarket trading on Monday, just weeks after the company announced plans to spin off its land assets.
萊納建築公司股票(NYSE:LEN)在宣佈將剝離土地資產計劃數週後，在週一盤前交易中下跌。
Although the company is poised to benefit from its greater exposure to entry level and first-time buyers as the Federal Reserve cuts interest rates, this is already reflected in the stock valuation, according to Goldman Sachs.
高盛表示，儘管Lennar公司正面臨着隨着聯邦儲備降息所帶來的大量入門級和首次購買者的機會，但該公司的股票估值已經反映了這一點。
The Lennar Analyst: Susan Maklari downgraded the rating for Lennar from Buy to Neutral, while reducing the price target from $180 to $174.
Lennar分析師Susan Maklari將Lennar公司的評級從買入降至中立，並將價格目標從180美元降至174美元。
The Lennar Thesis: Following the recent outperformance, the stock may remain range bound in the near term, Maklari said in the downgrade note.
Maklari在下調報告中表示，由於近期表現優異，該股票在短期內可能會保持區間。
Check out other analyst stock ratings.
查看其他分析師的股票評級。
Lennar's exposure to entry level is likely to result in margin expansion, the analyst stated. She explained that Lennar is focusing on adding affordable supply to the market, targeting first-time buyers, and shifting to a manufacturing-based strategy, which boosts efficiency.
該分析師表示，Lennar公司面向入門級市場的業務很可能會導致利潤率擴大。她解釋說，Lennar公司正在專注於向市場提供可負擔的房源，以吸引首次購房者，並轉向製造業策略，以提高效率。
"As rates move lower, easing financial incentives, we believe profitability could expand, supporting earnings and greater cash generation," Maklari wrote.
Maklari寫道: “隨着利率下降，金融激勵放寬，我們相信收益可能擴大，支持盈利和更大的現金產生。”
Lennar's proposed spinoff of owned land for $6 billion to $8 billion "could drive a re-rating of LEN over time, as the market assesses the company's new profile if and when the spin is completed, as well as decisions around capital allocation, notably shareholder returns," she added.
Lennar公司擬出售所持土地，交易規模爲60億至80億美元，這可能會隨着市場對該公司新資料剖析和決策、特別是股東回報的評估變動，引發LEN股票重新定級。她補充道。
LEN Price Action: Shares of Lennar had declined by 1.5% to $168.39 at last check on Monday.
截至週一最後一次檢查，Lennar公司股票下跌1.5%至168.39美元。
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譯文內容由第三人軟體翻譯。