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Fly News Breaks for April 5, 2019
LEN
Apr 5, 2019 | 07:00 EDT
JPMorgan analyst Michael Rehaut added Lennar to his firm's Analyst Focus List and reiterates an Overweight rating on the shares with a $57 price target. Lennar has "several levers at its disposal to pull" over the next two years that should result in return on equity expansion and a higher valuation multiple, Rehaut tells investors in a research note. These levers, according the analyst, include a shift towards optioned land, share repurchases, and monetizing non-core assets.
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