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Fly News Breaks for January 2, 2018
CAA, LEN
Jan 2, 2018 | 07:09 EDT
As previously reported, Wells Fargo analyst Stephen East upgraded Lennar (LEN) to Outperform from Market Perform, with a $74 price target, based on his post-tax reform EPS estimate but without the CalAtlantic (CAA) acquisition included. The analyst is convinced Lennar has the ability to execute on this transaction, believing synergy savings guidance is conservative.
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