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Why This Lennar Analyst Is No Longer Bearish After $6B Spinoff Plan

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Shares of Lennar Corp (NYSE:LEN) have been in focus, with insufficient home supply driving record prices in the US.

While the stock price has risen, there are no catalysts to adjust earnings estimates, according to Wedbush.

The Lennar Analyst: Jay McCanless upgraded the rating for Lennar from Underperform to Neutral, while keeping the price target unchanged at $144.

The Lennar Thesis: Lennar is considering a spinoff of its land assets.

The plan, announced by the company during its fiscal second-quarter earnings call, could be the next …

Full story available on Benzinga.com

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