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Fly News Breaks for October 3, 2019
LEN
Oct 3, 2019 | 06:27 EDT
JMP Securities analyst Peter Martin raised his price target on Lennar to $65 and kept his Outperform rating after its Q3 earnings and home sales revenue beat along with higher than expected deliveries and average sales prices. The analyst notes that while the company will issue guidance for FY20 on the next earnings call, he sees Lennar as well positioned for growth, improved profitability, and cash flow generation in 2020.
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