Reaction of concentrated nitric acid react with metallic lead? Here is my work:

Concentrated $\ce{HNO3}$ should first decompose into $\ce{NO2}$, $\ce{H2O}$ and $\ce{[O]}$. Nascent oxygen should combine with $\ce{Pb}$ to form $\ce{PbO}$. Now $\ce{PbO}$ should neutralize acid to form $\ce{Pb(NO3)2}$. 

Therefore, the net products would be lead nitrate, $\ce{NO2}$ and $\ce{H2O}$. 

Is this right?
Well, you were going along the right track.... just one correction. The products will be Pb(NO₃)₂, NO₂ and H₂O. Nitric acid is a very powerful oxidizing agent. It oxidized H₂ to H₂O.