Wells Fargo Downgrades KB Home to Underweight, Raises Price Target to $83
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Sam Reid has downgraded KB Home from Equal-Weight to Underweight, while raising the price target from $80 to $83.
October 07, 2024 | 4:27 pm
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NEGATIVE IMPACT
Wells Fargo has downgraded KB Home from Equal-Weight to Underweight, indicating a less favorable view on the stock. However, the price target has been raised to $83, suggesting some potential for price appreciation.
The downgrade to Underweight suggests a negative outlook on KB Home's stock performance, which could lead to a short-term decline in stock price. However, the raised price target to $83 indicates some potential for future price appreciation, creating mixed signals for investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100