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Landsea Homes downgraded to Perform from Outperform at Oppenheimer

Oppenheimer analyst Tyler Batory downgraded Landsea Homes (LSEA) to Perform from Outperform without a price target after the company entered into a definitive agreement for New Home to acquire Landsea for $11.30 per share in an all-cash transaction, representing an enterprise value of approximately $1.2B.

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