Goldman Sachs Downgrades KB Home to Neutral, Lowers Price Target to $48
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Susan Maklari has downgraded KB Home (NYSE:KBH) from Buy to Neutral and lowered the price target from $54 to $48.
October 16, 2023 | 8:43 am
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NEGATIVE IMPACT
KB Home's rating has been downgraded by Goldman Sachs from Buy to Neutral, with a lowered price target of $48.
The downgrade from Goldman Sachs, a major financial institution, could negatively impact investor sentiment towards KB Home. The lowered price target suggests that Goldman Sachs sees less upside potential in the stock, which could lead to selling pressure.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100