Wedbush Starts KB Home (KBH) at Outperform

September 20, 2016 7:10 AM EDT
Get Alerts KBH Hot Sheet
Price: $16.14 -0.43%

Rating Summary:
    5 Buy, 20 Hold, 6 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 29 | Down: 30 | New: 23
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Wedbush initiates coverage on KB Home (NYSE: KBH) with a Outperform rating and a price target of $22.00.

Analyst Jay McCanless commented, "We are initiating coverage of KB Home with an OUTPERFORM rating and a $22 price target. KB is scheduled to release F3Q16 (August quarter end) EPS after market close on September 20th with a conference call that afternoon, and we are slightly ahead of consensus EPS for the quarter. With a 52% first-time buyer exposure as of F2Q16, we believe any loosening of lending standards could benefit this portion of KBH’s business."

For an analyst ratings summary and ratings history on KB Home click here. For more ratings news on KB Home click here.

Shares of KB Home closed at $15.30 yesterday.

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