Barclays Upgrades KB Home (KBH) to Overweight

Barclays analyst Matthew Bouley upgraded KB Home (NYSE: KBH) from Equalweight to Overweight with a price target of $71.00 (from $49.00).

The analyst comments: "We upgrade KBH to OW as we prefer it on a relative basis given strong execution, returning focus to BTO, and upside to returns long term. We think ROE could meaningfully recover into 2027 as KBH remains disciplined on capital allocation. We think that mix shift towards BTO could benefit its margin profile especially as it has reduced cycle times meaningfully, and we see a path to 10% ROE in 2027 given its $1 bn share repurchase authorization."

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 $63.33 yesterday.

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