Seaport Global Turns Bullish On This Homebuilder

  • Seaport Global analyst Mark Weintraub upgraded KB Home KBH to Buy from Neutral with a $53 price target.
  • Weintraub noted the stock had dropped 16% in one week on concerns about rising interest rates.
  • However, the analyst sees "underlying positives" for housing, including strong demographics and continued catch-up post a decade of underbuilding.
  • Following his downgrade a week ago, the analyst concludes KB's risk/reward "looks very good again."
  • Price Action: KBH shares are trading higher by 0.46% at $41.71 in premarket on the last check Friday.
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KBHKB Home
$51.972.67%

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Momentum
16.95
Growth
85.58
Quality
51.63
Value
95.59
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