Wells Fargo analyst Sam Reid lowered the firm’s price target on KB Home to $55 from $60 and keeps an Underweight rating on the shares. Post Lennar’s (LEN) Q4, the KB Home (KBH) bar was very low. The company’s Q1 guide suggests it wasn’t low enough, with numbers likely to move sharply lower on a combo of risks, including BTO achievability in FY26 and ROE percentage deterioration, Wells notes.
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