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Fly News Breaks for May 23, 2018
CAA, LEN
May 23, 2018 | 09:04 EDT
MKM Partners analyst Megan McGrath lowered her price target on Lennar (LEN) to $71 to reflect the risks for home builders associated with a rising interest rate environment. McGrath keeps her Buy rating however, stating that shares can still rise "meaningfully" this year if the company can execute with the integration of its recently acquired CalAtlantic (CAA) through improved synergies. The analyst also lowers her Q2 EPS view to 44c from $1.16 to reflect the CalAtlantic investment.
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