Shares of major homebuilders declined more sharply than the broader market Tuesday after an analyst warned that a legal dispute clouds Lennar's (LEN - Get Report) prospects, while KB Homes' (KB - Get Report) outlook will likely continue to be hurt by falling home prices.Citi Investment Research analyst Josh Levin cut his price target for Los Angeles-based KB Home to $15 from $16 a share and wrote in a research note that the controversy involving Lennar presents "a risk that investors cannot properly analyze."
Homebuilder Winners & Losers: Lennar
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
Every recommendation goes through 3 layers of intense scrutinyquantitative, fundamental and technical analysisto maximize profit potential and minimize risk.
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.