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Fly News Breaks for February 21, 2019
LEN
Feb 21, 2019 | 07:18 EDT
Wedbush analyst Jay McCanless downgraded Lennar to Neutral from Outperform as the shares are within 5% of his unchanged $50 price target. In a research note to investors, McCanless says he believes the recent pullback in mortgage rates has been a positive stock price catalyst for Lennar and its peers, and says while this catalyst may persist for an extended period of time, he is stepping to the sidelines as he does not see any new catalysts emerging that would support a higher price target.
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