Williams Financial Group Upgrades Lennar (LEN) to Buy; Significant Optimism Developing

Williams Financial Group upgraded Lennar (NYSE: LEN) from Hold to Buy with a price target raised from $28 to $35.

Analyst, David N. Williams, said, "We believe the company should command a slight premium to the peer group average based on our assessment and expectations of further market share gains and our FY13 projected revenue growth of 24%. Strong land acquisition and the Rialto division should drive sales growth and gross margin expansion as trends further develop with Rialto contributing increasing returns."

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 $29.27 yesterday.

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