JPMorgan Downgrades Lennar Amid 2026 Housing Weakness
JPMorgan downgraded Lennar to Underweight with a reduced price target of $115, citing weak demand, supply challenges, and downside risk for homebuilders in 2026.
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JPMorgan downgraded Lennar to Underweight with a reduced price target of $115, citing weak demand, supply challenges, and downside risk for homebuilders in 2026.
Homebuilder Lennar reported a drop in profit and missed Q4 forecasts for new home orders. High costs, high interest rates, and affordability issues are slowing down the housing market.