Raymond James lowered the firm’s price target on KB Home (KBH) to $80 from $93 and keeps an Outperform rating on the shares. KB Home offers an “asymmetric” risk/reward despite the recent headwinds from surging mortgage rates, the analyst tells investors in a research note. The market’s recent pessimism for homebuilders has left KB Home’s expectations very achievable, even in a “higher for longer” mortgage rate environment, the firm says.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on KBH: