Wedbush Maintains Outperform on KB Home, Lowers Price Target to $55
Portfolio Pulse from Benzinga Newsdesk
Wedbush analyst Jay McCanless has maintained an Outperform rating on KB Home (NYSE:KBH), but lowered the price target from $64 to $55.
September 21, 2023 | 1:33 pm
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Wedbush analyst has maintained an Outperform rating on KB Home but lowered the price target from $64 to $55.
The news is directly about KB Home. The maintained Outperform rating indicates that the analyst still expects the stock to do better than the market average, which is positive. However, the lowered price target could indicate a reduced growth expectation, which might have a neutral to slightly negative impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100