BofA analyst Rafe Jadrosich lowered the firm’s price target on KB Home (KBH) to $56 from $63 and keeps a Neutral rating on the shares after the company reported fiscal Q1 EPS below consensus, guided fiscal Q2 below the firm’s expectations and lowered its fiscal year deliveries forecast. The firm cut its FY26 EPS estimates by 16% on the weaker fiscal year delivery and Q2 margin outlook, the analyst tells investors.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on KBH:
- KB Home price target lowered to $50 from $55 at Wells Fargo
- KB Home: Weaker Results, Softer Demand, and Execution Risks Justify Sell Rating Despite Optimistic Valuation Assumptions
- KB Home: Near-Term Headwinds Temper Outlook Despite Build-to-Order Progress, Justifying Hold Rating
- Closing Bell Movers: KB Home slips on earnings miss
- KBH Earnings: KB Home’s Financial Results Miss Wall Street Targets Across the Board