Raymond James analyst Buck Horne added Lennar to the '"Analyst Current Favorites" list and raised its price target to $60, based on last week's S-11 filing from from Five Point Holdings which increases his sum-of-the-parts valuation for the company. Horne now seesnew evidence to suggest that his prior estimates regarding the value of Lennar's equity stake in Five Point was likely too conservative, at $5-6/share previously, versus $9+/share now, due to a larger than expected 45% equity interest in FPH and greater clarity around total entitlements and transaction activity. The analyst rates Lennar a Strong Buy.