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Berkshire Hathaway Is Buying Lennar While Analysts Turn More Bearish

BenzingaAkanksha Bakshi

Berkshire Hathaway takes a major stake in Lennar (NYSE: LEN). Explore the latest premarket stock movement, Q3 results, and technicals.

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Keep reading

  1. The Motley FoolDave Kovaleski

    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.