BofA analyst Rafe Jadrosich lowered the firm’s price target on KB Home (KBH) to $54 from $58 and keeps a Neutral rating on the shares after the homebuilder reported fiscal Q2 EPS of $1.50, in-line with consensus and slightly higher than the firm’s $1.47 estimate, and lowered its full year guidance to reflect a weaker revenue and margin outlook. Following the report, the firm lowered its FY25 and FY26 EPS estimates by 10% apiece and sees some risk to guidance, the analyst tells investors.
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