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Fly News Breaks for October 31, 2016
LEN
Oct 31, 2016 | 07:27 EDT
As previously reported, Raymond James upgraded Lennar to Strong Buy from Outperform. Analyst Buck Horne said WCI Communities' (WCIC) "go shop" period ended with no superior offers to Lennar's. He views Lennar's acquisition of WCI's 14k+ controlled Florida homesites as a unique opportunity at a compelling valuation, which will immediately enhance Lennar's core home building growth.
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