Keefe Bruyette lowered the firm’s price target on KB Home (KBH) to $65 from $76 and keeps a Market Perform rating on the shares. The firm sees near-term risks as evenly weighted between eventual stabilization in the new home market and prospects of further weakening, the analyst tells investors in a research note.
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: