- RBC Capital analyst Mike Dahl raised the price target on KB Home KBH to $55 from $46 and kept an Outperform rating on the shares, implying a 29.72% upside.
- The analyst said the company's FY22 upside margin guidance is "narrative-altering" and should drive improved investor sentiment toward the stock.
- Dahl also raised his FY22 EPS view to $10.24 from $8.36 and FY23 view to $11.14 from $8.82.
- KB Home reported Q4 EPS of $1.91 that surpassed Wall Street view and total revenues of $1.68 billion that missed the consensus.
- Price Action: KBH shares are trading higher by 7.65% at $45.62 in premarket on the last check Thursday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
