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home / news releases / lennar corporation rating downgrade as upside looks

LEN - Lennar Corporation: Rating Downgrade As Upside Looks Priced In Already

Lennar Corporation Class A

2024-04-03 09:50:24 ET

Summary

  • Lennar Corporation's stock has risen above the previous price target, leading to a downgrade from buy to hold.
  • The company's 1Q24 results showed strong performance and reinforced the belief in future momentum.
  • The potential spin-off of land positions and asset-light strategy could generate higher cash flows for debt paydowns and share repurchases.

Summary

For further details see:

Lennar Corporation: Rating Downgrade As Upside Looks Priced In Already
Stock Information
Company Name: Lennar Corporation Class A
Stock Symbol: LEN
Market: NYSE
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