Goldman Sachs Upgrades KB Home (KBH) to Buy, Time to Catch Up to Peers

Article Stock Quotes (1) Comments (0)

Goldman Sachs upgraded KB Home (NYSE: KBH) from Neutral to Buy with a price target of $15.00 (from $10.00).

"We believe current valuation more than captures recent missteps," the analyst said, "The company is on pace to have the highest 2013 order growth in our coverage following a very weak start to 2012. With the stock underperforming our coverage universe by 4,000 basis points over the last 12 months, we believe a material catch up is likely in the next 12 months as order growth shows improvement."

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 $9.81 yesterday, with a 52 week range of $5.02-$13.12.

---

Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW

---

*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here

---

---

You May Also Be Interested In

• UPDATE: Leerink Swann Upgrades Bristol-Myers Squibb Co. (BMY) to Outperform
• KeyBanc Upgrades Cedar Shopping Centers (CDR) to Hold
• Goldman Sees Blockbuster Potential for Bristol-Myers Squibb's (BMY) Nivolumab (PD-1)

Create E-mail Alert Related Categories

Hot Upgrades, Upgrades

Related Entities

Goldman Sachs

Add Your Comment

Name

Subject

Body

Share on Facebook

Verification
can't see the text?
click here to refresh the image.
what's this?