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Fly News Breaks for January 19, 2016
LEN
Jan 19, 2016 | 07:56 EDT
As noted earlier, Sterne Agee upgraded Lennar to Buy from Neutral. The firm expects the company's revenue from its multifamily and financial services businesses to come in at the top end of its guidance ranges. Additionally, the firm expects the company's pretax homebuilding income to jump 10% in fiscal 2016, versus the consensus estimate of a 6.6% increase. Target $52.
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