KB Home (KBH) Tops Q4 EPS by 4c; Backlog Value Rose 35%

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UPDATE: Williams Financial Downgrades KB Home (KBH) to Sell

December 21, 2012 9:02 AM EST

(Updated - December 21, 2012 10:25 AM EST)

Williams Financial downgraded KB Home (NYSE: KBH) from Hold to Sell post Q4 results with an $11 price target.

"Following another disappointing performance in orders, margins, community count and deliveries, we are downgrading... More