RBC Capital analyst Mike Dahl lowered the firm’s price target on Lennar (LEN) to $125 from $130 and keeps a Sector Perform rating on the shares. The firm is updating its model to reflect the balance sheet and cash flow impacts of the spin-off of 80% of Millrose equity and subsequent Rausch Coleman transaction, the analyst tells investors in a research note.
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Read More on LEN:
- Millrose Properties to replace Ironwood in S&P 600 at open on 2/10
- Lennar call volume above normal and directionally bullish
- Lennar price target lowered to $121 from $135 at Barclays
- Lennar price target lowered to $140 from $150 at BofA
- Lennar Corporation’s Stock Faces Volatility Risks Amid External Pressures
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