UPDATE: MKM Partners Upgrades KB Home (KBH) to Buy; Valuation Reflects Risk

July 13, 2012 9:42 AM EDT Send to a Friend
Get Alerts KBH Hot Sheet
Price: $15.96 -0.31%

Rating Summary:
    7 Buy, 16 Hold, 4 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 29 | Down: 28 | New: 24
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(Updated - July 13, 2012 10:49 AM EDT)

MKM Partners upgraded KB Home (NYSE: KBH) from Neutral to Buy. PT raised from $10 to $13.

Analyst, Megan McGrath, said, "We see more risks in KBH than in many of the other names under our coverage due to recent operational issues; however, given that we expect some of these risks are behind the company and given our discounted valuation methodology (we apply a 1.3x multiple), we also believe that our valuation adequately reflects these risks. We see the biggest risk to our Buy rating as a potential equity raise from the company in the next 6-9 months."

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 $10.01 yesterday.


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