** Multiple brokerages cut PT on U.S. homebuilder lennar Corp LEN.N, citing challenging residential market and lower home deliveries

** Co on Monday posted Q2 revenue above analysts' estimates

** LEN's production model puts it in tough position inside waning market backdrop, Barclays says

** Brokerage expects further risk to co's EBIT margins due to challenged market conditions for new construction

** BofA Global Research says housing market is softening due to high mortgage rates and weaker consumer confidence

** Expects co's upcoming earnings to be below estimates on higher selling, general and administrative expenses

** Several brokerages revise co's 2025 EPS estimate downward; Oppenheimer cuts to $8.94 from $9.23

** BofA holds rating at 'neutral'; Barclays reiterates 'equal weight'

** LEN shares marginally up at $105 in choppy morning trading

** Six of 22 brokerages rate stock "buy" or higher, 16 "hold"; median PT is $128- data compiled by LSEG

** Including session's moves, shares down 20.5% YTD

(Reporting by Apratim Sarkar)

((Apratim.Sarkar@thomsonreuters.com))