Zelman & Assoc Downgrades KB Home to Underperform, Announces $69 Price Target
Portfolio Pulse from Benzinga Newsdesk
Zelman & Assoc analyst Ivy Zelman downgraded KB Home (NYSE:KBH) from Neutral to Underperform and set a $69 price target. This reflects a negative outlook on the company's stock performance.

May 13, 2024 | 2:02 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
KB Home was downgraded from Neutral to Underperform by Zelman & Assoc, with a price target of $69, indicating a bearish outlook.
The downgrade from Neutral to Underperform suggests that Zelman & Assoc has a negative view on KB Home's future stock performance. The announcement of a specific price target provides a clear benchmark for investors, potentially influencing market perception and investor sentiment towards KBH. This could lead to a short-term decrease in stock price as the market adjusts to the new rating.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100