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Fly News Breaks for February 7, 2018
CAA, LEN
Feb 7, 2018 | 05:03 EDT
Barclays analyst Michael Dahl upgraded Lennar (LEN) to Overweight and raised his price target for the shares to $72 from $68 after incorporating the acquisition of CalAtlantic (CAA). The analyst now expects higher returns, margins and growth, and thinks "strong" free cash flow" creates balance sheet optionality.
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