KB Home price target lowered to $50 from $54 at Truist

Truist analyst Jonathan Bettenhausen lowered the firm’s price target on KB Home (KBH) to $50 from $54 and keeps a Hold rating on the shares. The company announced that its relatively newly hired CFO was resigning after a little over a year with the company, which came as a surprise and a notable incremental headwind for KB Home, which is already struggling with results lagging the rest of the homebuilder group, the analyst tells investors in a research note.