Wells Fargo analyst Sam Reid lowered the firm’s price target on KB Home (KBH) to $57 from $63 and keeps an Underweight rating on the shares. The firm expected KB Home to guide down and that’s exactly what happened, with cuts to deliveries, ASP, gross margin and operating margin vs prior. Shares are indicated lower, but Wells is not sure this represents a buying opportunity.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue