Analysts Are Increasing Price Targets of These 5 Stocks

04. Lennar Corporation (NYSE:LEN)

Upside Potential: 12.5%

On May 24, Barclays analyst Matthew Bouley increased Lennar Corporation (NYSE:LEN) price target to $135 from $120 while maintaining an Overweight rating on the shares. The analyst notes that the investment community has not fully recognized the positive impact of low home inventory on new construction and its implications for builders and building products. Despite challenges in the overall housing market, new construction is showing improvement and is in a much stronger position, according to Barclays. While maintaining a cautious stance on building products as a whole, the firm is becoming more positive on companies well-positioned to benefit from the growth in new residential construction. As a result, Corning has been upgraded to Overweight, while SiteOne Landscape Supply has been downgraded to Underweight. Barclays has also raised earnings estimates and price targets for homebuilders and residential distributors.