Barclays analyst Matthew Bouley lowered the firm’s price target on KB Home (KBH) to $62 from $71 and keeps an Overweight rating on the shares post the earnings report. The company’s Q1 margin was guided down 210 basis points quarter-over-quarter at the midpoint as management works through higher cost backlog, the analyst tells investors in a research note. The firm cites KB’s book value for the target cut.
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