Deutsche Bank Downgrades KB Home to Sell, Announces $46 Price Target
Portfolio Pulse from Benzinga Newsdesk
Deutsche Bank analyst Joe Ahlersmeyer has downgraded KB Home (NYSE:KBH) from Hold to Sell and set a price target of $46.
December 08, 2023 | 10:01 am
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NEGATIVE IMPACT
KB Home was downgraded by Deutsche Bank from Hold to Sell with a new price target of $46.
Analyst downgrades typically lead to a negative short-term reaction in the stock price as they suggest a less favorable outlook for the company. The new price target of $46 may also influence market perception and trading, potentially leading to a decrease in KB Home's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100