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UPDATE: Susquehanna Downgrades Lennar

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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
May 2017MizuhoInitiates Coverage OnBuy
Feb 2017BTIG ResearchInitiates Coverage OnBuy
Jan 2017BarclaysInitiates Coverage OnOverweight

View More Analyst Ratings for LEN
View the Latest Analyst Ratings

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