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KB Home price target lowered to $65 from $76 at Keefe Bruyette

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.

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