BUZZ-Lennar gains after RBC raises to 'sector perform'

** U.S. homebuilder Lennar's shares LEN.N rise 3.6% to $138.38 premarket

** RBC Capital Markets upgrades rating on company's shares to "sector perform" from "underperform", maintains PT of $130

** "There is the opportunity for LEN to generate significant free cash flow and potentially accelerate returns to shareholder as it continues toward a more land-light strategy and becomes more disciplined on land spend" - brokerage

** 1 brokerage rates the stock "strong buy", 5 "buy" and 15 "hold"; median PT $160 - LSEG

** In 2024, Lennar shares fell 8.5%

(Reporting by Aatreyee Dasgupta)

((Aatreyee.Dasgupta@thomsonreuters.com))