KB Home price target lowered to $76 from $80 at BofA

BofA lowered the firm’s price target on KB Home (KBH) to $76 from $80 and keeps a Neutral rating on the shares. KB reported Q4 EPS of $2.52, above the firm’s $2.41 forecast, as better deliveries were offset by lower gross margin, the analyst tells investors. While Q4 orders beat expectations, FY25 revenue guidance “looks optimistic” in a challenging housing backdrop, the analyst tells investors.