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Fly News Breaks for January 10, 2019
LEN
Jan 10, 2019 | 07:28 EDT
RBC Capital analyst Mike Dahl lowered his price target on Lennar to reflect the impact of the "sales of Rialto and parts of financial services" along with the "core weakness in orders and margins." The analyst keeps his Outperform rating however, noting that the valuation on Lennar shares remains reasonable while also citing the market's willingness to look past the near term weakness after the stock rallied on a worse Q1 pre-announcement.
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