UBS Maintains a 'Sell' on KB Home (KBH); Concerns Persist

UBS maintains a 'Sell' on KB Home (NYSE: KBH) price target of $7.00.

Analyst, David Goldberg, says concerns still persist as the market is improving. Compass Point also maintains a 'Sell' rating on shares.

However, on June 29, 2012, KBH topped Q2 estimates by $0.03 on slightly stronger revenue. A large tax benefit was included.

The stock is down 2% today, however, a one-month chart shows shares climbing from $7 to over $10.30 today (a 45%+ move higher).

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 $10.55 yesterday.

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