FBR Capital Reiterates Outperform on Lennar Corp. (LEN) Following EPS Beat

September 21, 2016 8:02 AM EDT
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Price: $44.30 -0.23%

Rating Summary:
    19 Buy, 9 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 13 | Down: 22 | New: 54
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FBR Capital reiterated an Outperform rating and $60.00 price target on Lennar Corp. (NYSE: LEN) following the company's 3Q earnings report. LEN reported headline EPS of $1.01, which exceeded the consensus expectations of $0.90.

Analyst Patrick Kealey commented, "We reiterate our Outperform rating and $60 price target following the release of Lennar's 3Q16 results. Lennar reported yet another solid quarter, as strong closing results and pricing power drove the better-than-anticipated bottom-line results. LEN remains one of the best-positioned builders for a higher-volume environment, through its focus on shorter lived assets, as well as growing investment in first-time land positions, and we believe this will ultimately translate into continued earnings growth and ultimately outperformance versus peers going forward."

For an analyst ratings summary and ratings history on Lennar click here. For more ratings news on Lennar click here.

Shares of Lennar closed at $43.50 yesterday.

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