Wells Fargo Maintains Equal-Weight on KB Home, Raises Price Target to $70
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Sam Reid has maintained an Equal-Weight rating on KB Home (NYSE:KBH) and increased the price target from $65 to $70.
March 21, 2024 | 1:18 pm
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POSITIVE IMPACT
Wells Fargo has maintained its Equal-Weight rating on KB Home and raised the price target from $65 to $70.
The increase in price target by Wells Fargo suggests a positive outlook on KB Home's stock, potentially leading to increased investor confidence and a short-term rise in stock price. The Equal-Weight rating indicates that the stock is expected to perform in line with the market or sector, but the raised target suggests specific optimism about KB Home's prospects.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100