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.
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>>
Read More on KBH:
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue