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Fly News Breaks for January 12, 2018
CAA, LEN
Jan 12, 2018 | 09:04 EDT
RBC Capital analyst Michael Eisen raised his price target on Lennar (LEN) to $82 after the company's Q4 earnings beat, saying the results also topped expectations on all metrics related to underlying business. The analyst is also positive on Lennar's update regarding its pending CalAtlantic (CAA) acquisition, with comments suggesting a "material increase to synergy targets". Eisen keeps his Outperform rating on Lennar based on its favorable fundamentals and strong execution.
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