News Formal

JPMorgan upgrades Lennar, sees nearly 50% upside amid hot housing market and potential buybacks

  • 📰 CNBC
  • ⏱ Reading Time:
  • 12 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 72%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

New for subscribers: JPMorgan upgrades Lennar, sees nearly 50% upside amid hot housing market and potential buybacks. Check out CNBCPro today.

A "Sold" sign is displayed outside a home under construction at a Lennar Corp. development in Montgomery, Illinois.s internal improvements and potential in a hot housing market, according to JPMorgan.

The homebuilder reported its second quarter earnings on Wednesday, delivering revenue and earnings per share above expectations, according to FactSet. The company also raised its guidance for average sales prices and gross margins.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Pro wow

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

The housing market is so hot buyers are paying $1 million over asking priceIn many hyper-competitive markets where all-cash offers that are well over the asking price are standard fare, buyers have found some jaw-dropping ways to stand out. I'll wait for the inevitable crash, thank you...
Source: CNN - 🏆 4. / 95 Read more »