Market Overview

UPDATE: JP Morgan Raises KB Home PT to $21.50 on Gross Margin Outlook

Share:
Related KBH
These Pros Love Toll Brothers And KB Home After Touring A Bunch Of Homes
Homebuilders Lifted By Pending Sales Data
Will Builders See Spring Home Sales Heat Up? (Investor's Business Daily)

JP Morgan maintained KB Home (NYSE: KBH) with an Overweight rating and raised the price target from $20.00 to $21.50.

JP Morgan said, "Trading at 1.2x P/B (ex-adjusted FAS 109 charges), a 33% discount to its peers, we believe KBH's valuation does not fully reflect our outlook for the company to generate roughly breakeven EPS in FY13 as well as our outlook for gross margin expansion during the upcoming year, which we note has been a challenge for the company over the last 4 quarters. Thus we rate the stock Overweight relative to its peers."

KB Home closed at $17.14 on Monday.

Latest Ratings for KBH

DateFirmActionFromTo
Mar 2015BarclaysMaintainsUnderweight
Mar 2015CitigroupMaintainsNeutral
Mar 2015JMP SecuritiesMaintainsMarket Outperform

View More Analyst Ratings for KBH
View the Latest Analyst Ratings

Posted-In: JP MorganAnalyst Color Price Target Analyst Ratings

 

Related Articles (KBH)

Around the Web, We're Loving...