Barclays Raises Numbers on Lennar (LEN); Q2 Beats as Housing Recovery Underway

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Barclays maintains an 'Overweight' on Lennar (NYSE: LEN) price target of $35.00 (from $34.00).

Analyst, Stephen Kim said Lennar's earnings beat corroborated his thesis regarding the housing recovery.

Kim stated, "Overall, we are impressed with the company's ability to continue to post best-in-class results and this quarter marks LEN's ninth consecutive quarter of profitability."

Barclays raises FY12 EPS estimate from $0.82 to $1.07 and FY13 from $1.26 to $1.35.

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 $28.70 yesterday, with a 52 week range of $12.14-$30.12.

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