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FEB 06, 2014 - Investors Business Daily

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Lennar's Non-Core Units, Earnings Seen Undervalued

Lennar's (LEN) development and management operations, commercial real estate and finance arm, and its multifamily unit are expected to put the homebuilder's earnings above consensus views and lift the stock higher. Goldman Sachs upgraded Lennar to "conviction buy" from neutral and raised its price target to $48 from $38. Lennar shares rose 4% to 41.29 on the stock market today. "We believe the market is valuing Lennar almost exclusively for its

Tags: Lennar's Non-Core Units, Earnings Seen Undervalued,  Real Estate Latest News