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UPDATE: Susquehanna Downgrades Lennar

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The Week That Was In Review - January 13, 2018 (Seeking Alpha)

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

Jan 2018Wells FargoUpgradesMarket PerformOutperform
Oct 2017UBSInitiates Coverage OnBuy
Oct 2017CitigroupUpgradesNeutralBuy

View More Analyst Ratings for LEN
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