Why This Lennar Analyst Is No Longer Bearish After $6B Spinoff Plan
Why This Lennar Analyst Is No Longer Bearish After $6B Spinoff Plan
Shares of Lennar Corp (NYSE:LEN) have been in focus, with insufficient home supply driving record prices in the US.
莱纳建筑公司股票（纽交所：LEN）备受关注，美国供应住房不足，推动房价创下历史纪录。
While the stock price has risen, there are no catalysts to adjust earnings estimates, according to Wedbush.
尽管股价上涨，但Wedbush公司表示没有调整盈利预期的催化剂。
The Lennar Analyst: Jay McCanless upgraded the rating for Lennar from Underperform to Neutral, while keeping the price target unchanged at $144.
莱纳分析师Jay McCanless将Lennar的评级从下跌调升至中立，并保持价格目标不变，为144美元。
The Lennar Thesis: Lennar is considering a spinoff of its land assets.
莱纳论文：正在考虑剥离其土地资产。
The plan, announced by the company during its fiscal second-quarter earnings call, could be the next catalyst for the stock, McCanless said in the upgrade note.
该计划在公司财政第二季度业绩会上公布，可能会成为该股的下一个催化剂，这是McCanless在升级报告中所说的。
Check out other analyst stock ratings.
查看其他分析师的股票评级。
McCanless expects the potential size of the deal to be between $6 billion and $8 billion.
McCanless预计交易的潜在规模在60亿美元至80亿美元之间。
"Lennar has released no details, but we think Landspin might be a vehicle for harder to entitle parcels that require more development time than the deals Lennar currently buys from land banking partners," the analyst wrote.
分析师写道：“莱纳尚未公布细节，但我们认为Landspin可能是一个帮助开发比莱纳当前从土地银行合作伙伴购买的土地更难的地块的方案。”
The company's fiscal 2024 gross margin outlook of 23.3% "may have more downside than upside risk," McCanless further stated.
McCanless进一步表示，公司到2024财年的毛利率展望为23.3％，“下行风险可能比上行风险更大。”
LEN Price Action: Shares of Lennar had risen by 0.41% to $143.22 at the time of publication on Tuesday.
截至本周二发布时，Lennar股价上涨0.41％至143.22美元。
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Image: Shutterstock
图片：shutterstock