KB Home Stock Falls From Highs After Quarterly Report
KBHKB Home(KBH) Schaeffers Research·2024-01-12 00:00

KB Home (NYSE:KBH) stock is slipping today, despite better-than-expected fourth-quarter results, after the homebuilding name announced a decrease in home selling prices and the number of homes delivered. Plus, Seaport Research downgraded KBH to "neutral" from "buy." No fewer than seven other analysts lifted their price targets, however, with the highest from UBS to 82.Atlastglance,KBHwasdown3.682. At last glance, KBH was down 3.6% at 60.91. Shares are falling from yesterday's roughly 18-year high of $64, but have added 70.6% in the p ...