- Lennar (LEN) +2.3% premarket after Goldman Sachs upgrades shares to Conviction Buy from Neutral with a $48 price target, from $38.
- Goldman thinks the market is valuing LEN almost exclusively for its core homebuilder business, while ascribing little value to its ancillary businesses; the firm's deep dive on FivePoint communities, Rialto and Multifamily drives its 2014-15 EPS estimates a respective 2% and 9% above consensus.
- The firm expects new home sales growth to accelerate to 20% by Q4 2014 from 5% in Q1.
- ETFs: XHB, ITB.
From other sites
at Zacks.com (Apr 7, 2015)
at MarketRealist.com (Apr 6, 2015)
at Zacks.com (Apr 6, 2015)
at MarketRealist.com (Mar 27, 2015)
at MarketRealist.com (Mar 26, 2015)
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