Truist lowered the firm’s price target on KB Home (KBH) to $54 from $65 and keeps a Hold rating on the shares. The company’s Q1 results were generally disappointing except for higher new orders, which were “still below the management’s internal projections”, the analyst tells investors in a research note. Truist adds that it did not come away from the earnings call with an improved view of KB Home’s 2027 profitability.
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