RBC Capital lowered the firm’s price target on KB Home (KBH) to $54 from $59 and keeps a Sector Perform rating on the shares. The firm cites the company’s Q4 earnings miss and weak guide as near-term challenges remain, with tepid demand and the management’s focus on reverting the sales mix back to “Built to Order” model, the analyst tells investors in a research note. There is further risk to RBC’s FY26 homebuilding revenue estimate should demand fail to recover, given backlog declines and industry spec competition, the firm added.
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