New Home Sales 552K vs 515K Expected

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Compass Point Cuts Price target on KB Home (KBH) Following 3c EPS Beat

September 24, 2015 2:14 PM EDT

Compass Point reiterated a Neutral rating on KB Home (NYSE: KBH), and cut the price target to $15.00 (from $16.00), following the company's 3Q15 earnings. KBH reported earnings with core EPS of $0.25, beating the Street's consensus estimate of $0.22 by 3 cents. Organic orders fell short at -9.1% growth, continuing the Company's... More