UBS Maintains Buy on KB Home, Raises Price Target to $82
Portfolio Pulse from Benzinga Newsdesk
UBS analyst John Lovallo maintains a Buy rating on KB Home (NYSE:KBH) and increases the price target from $78 to $82.
January 11, 2024 | 3:38 pm
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UBS analyst John Lovallo maintains a Buy rating on KB Home and raises the price target from $78 to $82, indicating a positive outlook on the stock.
The increase in price target by a reputable analyst typically signals a bullish view on the stock, suggesting that the analyst expects the stock to perform well in the near term. Investors often view such updates as a sign of confidence in the company's future performance, which can lead to an increase in stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100