RBC Capital raised the firm’s price target on KB Home (KBH) to $59 from $58 but keeps a Sector Perform rating on the shares after its Q3 earnings beat. The firm’s FY26E EPS estimates rise 3% despite lower order and homebuilding revenue estimates as aggressive fixed cost take-out and buybacks provide an offset, the analyst tells investors in a research note. The firm adds however that near term challenges remain for KB Home amid “tepid demand”.
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