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.
萊納建築公司股票（紐交所：LEN）備受關注，美國供應住房不足，推動房價創下歷史紀錄。
While the stock price has risen, there are no catalysts to adjust earnings estimates, according to Wedbush.
儘管股價上漲，但Wedbush公司表示沒有調整盈利預期的催化劑。
The Lennar Analyst: Jay McCanless upgraded the rating for Lennar from Underperform to Neutral, while keeping the price target unchanged at $144.
萊納分析師Jay McCanless將Lennar的評級從下跌調升至中立，並保持價格目標不變，爲144美元。
The Lennar Thesis: Lennar is considering a spinoff of its land assets.
萊納論文：正在考慮剝離其土地資產。
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.
該計劃在公司財政第二季度業績會上公佈，可能會成爲該股的下一個催化劑，這是McCanless在升級報告中所說的。
Check out other analyst stock ratings.
查看其他分析師的股票評級。
McCanless expects the potential size of the deal to be between $6 billion and $8 billion.
McCanless預計交易的潛在規模在60億美元至80億美元之間。
"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.
分析師寫道：“萊納尚未公佈細節，但我們認爲Landspin可能是一個幫助開發比萊納當前從土地銀行合作伙伴購買的土地更難的地塊的方案。”
The company's fiscal 2024 gross margin outlook of 23.3% "may have more downside than upside risk," McCanless further stated.
McCanless進一步表示，公司到2024財年的毛利率展望爲23.3％，“下行風險可能比上行風險更大。”
LEN Price Action: Shares of Lennar had risen by 0.41% to $143.22 at the time of publication on Tuesday.
截至本週二發佈時，Lennar股價上漲0.41％至143.22美元。
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