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Fly News Breaks for October 17, 2016
LEN
Oct 17, 2016 | 08:23 EDT
Buckingham upgraded Lennar to Buy and maintained its price target of $53. The firm's analyst said shares have been week on concerns about pending gross margin compression and said Lennar is positioning itself to enhance free cash flow and returns as well as sustain strong earnings through more well-rounded capital allocation and increased cost controls.