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UPDATE: Susquehanna Downgrades Lennar

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Susquehanna Upgrades Lennar; Sees Attractive Entry Point At Current Levels
Benzinga's Top Upgrades

On Friday, Susquehanna downgraded shares of Lennar (NYSE: LEN) from Positive to Neutral and lowered the price target from $46 to $43.

The downgrade was valuation-based to better reflect seasonal shifts compared to Susquehanna's October upgrade, said analyst Jack Micenko.

First quarter results were “solid, said Micenko. The analyst is encouraged by “clear signs” of improving volume voiced by Lennar management.

Shares of Lennar are down 1.9 percent to $39.55. The stock is flat year-to-date.

Latest Ratings for LEN

DateFirmActionFromTo
Feb 2016Credit SuisseMaintainsNeutral
Jan 2016SusquehannaUpgradesNeutralPositive
Jan 2016Sterne Agee CRTUpgradesNeutralBuy

View More Analyst Ratings for LEN
View the Latest Analyst Ratings

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