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LEN

Lennar

$69.57

1.31 (1.92%)

, CAA

CalAtlantic

$62.27

1.23 (2.02%)

09:04
01/12/18
01/12
09:04
01/12/18
09:04

Lennar price target raised to $82 from $73 at RBC Capital

RBC Capital analyst Michael Eisen raised his price target on Lennar (LEN) to $82 after the company's Q4 earnings beat, saying the results also topped expectations on all metrics related to underlying business. The analyst is also positive on Lennar's update regarding its pending CalAtlantic (CAA) acquisition, with comments suggesting a "material increase to synergy targets". Eisen keeps his Outperform rating on Lennar based on its favorable fundamentals and strong execution.

LEN

Lennar

$69.57

1.31 (1.92%)

CAA

CalAtlantic

$62.27

1.23 (2.02%)

LEN Lennar
$69.57

1.31 (1.92%)

01/01/18
WELS
01/01/18
UPGRADE
WELS
Outperform
Lennar upgraded to Outperform from Market Perform at Wells Fargo
01/02/18
01/02/18
UPGRADE
Target $74

Outperform
Lennar upgraded to Outperform at Wells Fargo
As previously reported, Wells Fargo analyst Stephen East upgraded Lennar (LEN) to Outperform from Market Perform, with a $74 price target, based on his post-tax reform EPS estimate but without the CalAtlantic (CAA) acquisition included. The analyst is convinced Lennar has the ability to execute on this transaction, believing synergy savings guidance is conservative.
01/02/18
01/02/18
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. L Brands (LB) upgraded to Outperform from Neutral at Baird with analyst Mark Altschwagern saying he believes the company is on track to meet or exceed December comparable sales and fourth quarter expectations. 2. Lennar (LEN) upgraded to Outperform from Market Perform at Wells Fargo with analyst Stephen East citing his post-tax reform earnings per share estimate but without the CalAtlantic (CAA) acquisition included. 3. Disney (DIS), Netflix (NFLX), AMC Networks (AMCX), and Discovery (DISCA) were upgraded to Outperform from Neutral at Macquarie. 4. Abbott (ABT) was upgraded to Overweight from Equal Weight at Morgan Stanley and to Overweight from Neutral at JPMorgan. 5. Baxter (BAX) was upgraded to Buy from Neutral at BofA/Merrill and to Overweight from Neutral at JPMorgan. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
01/11/18
FBCO
01/11/18
NO CHANGE
Target $65
FBCO
Neutral
Lennar price target raised to $65 from $57 at Credit Suisse
Credit Suisse analyst Susan Maklari raised her price target for Lennar to $65 from $57 following quarterly results and guidance, including a lower tax rate. The analyst reiterates a Neutral rating on the shares.
CAA CalAtlantic
$62.27

1.23 (2.02%)

11/13/17
MZHO
11/13/17
DOWNGRADE
MZHO
Neutral
CalAtlantic downgraded to Neutral from Buy at Mizuho
Lennar (LEN) and CalAtlantic (CAA) have announced a merger agreement for each share of CalAtlantic stock will be exchanged for 0.885 shares of Lennar Class A common stock.
11/20/17
DBAB
11/20/17
DOWNGRADE
Target $52
DBAB
Hold
CalAtlantic downgraded to Hold from Buy at Deutsche Bank
Deutsche Bank analyst Nishu Sood downgraded CalAtlantic (CAA) to Hold citing limited upside following the announced Lennar (LEN) merger bid. The analyst raised his price target for the shares to $52 from $41.
12/29/17
WEDB
12/29/17
NO CHANGE
WEDB
Wedbush raises homebuilder price targets due to new tax bill
Wedbush analyst Jay McCanless increased his price targets on homebuilders by an average of 13.6% to reflect the potential impacts from the new tax bill, though he noted that his estimates and targets could need to be adjusted as companies begin reporting earnings giving specific tax guidance. He made the largest target increases to PulteGroup (PHM), Century Communities (CCS) and Taylor Morrison (TMHC), he noted. Other publicly traded companies in the space include Beazer Homes (BZH), CalAtlantic (CAA), D.R. Horton (DHI), Hovnanian (HOV), KB Home (KBH), Lennar (LEN), M.D.C. Holdings (MDC) and Toll Brothers (TOL).

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UAL

United Continental

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TXN

Texas Instruments

$120.00

0.56 (0.47%)

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FB

Facebook

$189.35

3.98 (2.15%)

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ASB

Associated Banc-Corp

$25.90

-0.15 (-0.58%)

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BankMutual

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BankMutual

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DKL

Delek Logistics

$32.80

0.5 (1.55%)

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NTIP

Network-1 Technologies

$2.60

0.1 (4.00%)

, GOOG

Alphabet

$1,169.97

14.16 (1.23%)

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NTIP

Network-1 Technologies

$2.60

0.1 (4.00%)

GOOG

Alphabet

$1,169.97

14.16 (1.23%)

GOOGL

Alphabet Class A

$1,176.17

12.01 (1.03%)

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SIGM

Sigma Designs

$7.00

0.025 (0.36%)

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X

U.S. Steel

$40.06

0.75 (1.91%)

16:44
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U.S. Steel 'pleased' with Presidential tariffs on certain imports »

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UAL

United Continental

$77.97

1.1 (1.43%)

16:42
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United Continental says 2017 a 'transition' year »

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  • 23

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AUO

AU Optronics

$4.69

0.03 (0.64%)

16:42
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Upgrade
AU Optronics rating change  »

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AGII

Argo Group

$65.10

0.05 (0.08%)

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Argo Group reports preliminary pre-tax catastrophe loss of $34M-$38M in Q4 »

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MGNX

MacroGenics

$20.25

0.83 (4.27%)

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MacroGenics completes interim futility analysis of the Phase 3 SOPHIA trial »

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LPL

LG Display

$15.59

1.33 (9.33%)

16:38
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Upgrade
LG Display rating change  »

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GDS

GDS Holdings

$26.75

-0.22 (-0.82%)

16:37
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Breaking Syndicate news story on GDS Holdings »

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16:36
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General news
API crude inventories for week of January 19 »

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NAVI

Navient

$13.44

-0.08 (-0.59%)

16:34
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FHN

First Horizon

$20.11

0.01 (0.05%)

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FHN

First Horizon

$20.11

0.01 (0.05%)

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First Horizon increases quarterly dividend 33% »

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SD

SandRidge Energy

$19.29

-0.02 (-0.10%)

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CQP

Cheniere Energy Partners

$31.30

0.41 (1.33%)

16:32
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  • 26

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GORO

Gold Resource

$4.97

0.05 (1.02%)

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  • 29

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TRMK

Trustmark

$33.53

-0.03 (-0.09%)

16:31
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Earnings
Trustmark reports Q4 adjusted EPS 48c, consensus 47c »

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  • 24

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Options
Preliminary option volume of 22.5M today »

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SBBP

Strongbridge Biopharma

$8.70

0.25 (2.96%)

16:27
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Syndicate
Strongbridge Biopharma files to sell 5M shares of common stock »

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