New Home Sales 512K vs 510K Expected

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FBR Capital Raises Price Target on KB Home (KBH) Following 1Q EPS Beat

March 24, 2016 7:01 AM EDT

FBR Capital reiterated a Market Perform rating on KB Home (NYSE: KBH), and raised the price target to $15.00 (from $11.50), following the company's 1Q16 earnings report. KB Home reported headline 1Q16 EPS of $0.14 per share, which exceeded consensus expectations of $0.11. This was a... More