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Fly News Breaks for January 9, 2020
LEN
Jan 9, 2020 | 07:25 EDT
BTIG analyst Carl Reichardt raised his price target for Lennar to $78 from $75 following the company's quarterly results, saying this was another robust quarter that again demonstrated Lennar's transition to a more efficient, turns-oriented homebuilder with a sharper focus on returning capital to shareholders while still producing solid growth. The analyst continues to believe Lennar's valuation will expand as ROE improves and maintains a Buy rating.
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