KB Home (KBH) January 65 and 70 calls active as share price up 3.9%
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KB Home (KBH) PT Lowered to $74.50 at JPMorgan
January 14, 2025 4:05 PM ESTJPMorgan analyst Michael Rehaut lowered the price target on KB Home (NYSE: KBH) to $74.50 (from $82.00) while maintaining a Neutral rating.
The analyst comments "Following KBHs 4Q (Nov-end) conference call, we provide our key takeaways below. First, KBH lowered its FY25 housing revenue guidance midpoint by 3%, due to softer demand that the company experienced during the last two months of 4Q24, which has continued into 1Q25. More broadly for FY25, KBH expects sales pace to be similar to FY24, while build times are expected to improve further in 1Q25 as the company... More
