KB Home Gets Price Target Bumps By Analysts Following Better-Than-Expected Q1 Results

KB Home KBH reported better-than-expected Q1 results.

The company posted quarterly revenue of $1.38 billion, beating estimates of $1.31 billion. Earnings came in at $1.45 per share, topping expectations of $1.14 per share.

KB Home shares jumped 7.5% to close at $39.57 on Thursday.

These analysts made changes to their price targets on KB Home following the release of results.

• Barclays raised the price target on KB Home from $42 to $51. Barclays analyst Matthew Bouley maintained an Overweight rating.
• JP Morgan increased the price target on KB Home from $32.5 to $42.5. JP Morgan analyst Michael Rehaut upgraded the stock from Underweight to Neutral.

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