Wells Fargo downgrades KB Home to "underweight" despite raising stock price target to $83.
KB Home has been downgraded to "underweight" by Wells Fargo, despite an increased stock price target of $83. The company reported Q3 earnings of $2.04 per share, slightly missing estimates. Analysts have mixed views, with some raising FY2024 EPS estimates to $8.42. KB Home's revenue grew 10.3% year-over-year, and it has a 1.25% dividend yield. The stock is predominantly held by institutional investors.
October 11, 2024
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