Lennar (LEN) PT Raised to $93 at BofA/Merrill Lynch

BofA/Merrill Lynch raised its price target on Lennar (NYSE: LEN) to $93.00 (from $90.00) while maintaining a Buy rating following the company's 2Q earnings release. Analyst John Lovallo was very encouraged by LEN’s FY2Q results and expects strong execution to continue.

BofA/Merrill Lynch raised FY18e EPS from $4.95 to $5.40, FY19e from $7.00 to $7.25 and FY20e from $8.25 to $8.60.

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