KB Home price target lowered to $56 from $60 at Barclays

Barclays analyst Matthew Bouley lowered the firm’s price target on KB Home (KBH) to $56 from $60 and keeps an Equal Weight rating on the shares. The company’s Q1 orders came in well below consensus, and its implied second half of the year margin ramp “could be optimistic,” the analyst tells investors in a research note. The firm says KB’s fiscal 2025 revenue and margin guidance were lowered as spring “underwhelms” and the company enacts base price reductions to generate traffic.