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Fly News Breaks for August 23, 2019
LEN
Aug 23, 2019 | 06:30 EDT
Seaport Global analyst Mark Weintraub initiated Lennar with a Buy and $71 price target based on expectations of an organic growth re-acceleration and margin benefits from ongoing deleveraging and scaling of technology. Weintraub expects the company to benefit from a more asset light model and tempered land spend, which will free up cash for faster debt repayments and shareholder cash returns.
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