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Fly News Breaks for July 11, 2017
LEN
Jul 11, 2017 | 05:34 EDT
Barclays analyst Michael Dahl downgraded Lennar to Equal Weight and keeps a $56 price target for the shares. The analyst says his firm's June agency survey indicated moderating buyer traffic trends. He sees risk that near-term catalysts for builders will disappoint relative to rising expectations. As such, Dahl recommends "tactically" reducing exposure to homebuilder stocks.
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