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Credit Suisse Raises 2014/2015 EPS Estimates For KB Home

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In a report published Monday, Credit Suisse analyst Daniel Oppenheim reiterated an Outperform rating and $22.00 price target on KB Home (NYSE: KBH).

In the report, Credit Suisse noted, “We are raising our 2014 and 2015 EPS ests. to $1.38 (from $1.26) and $1.80 (from $1.67), respectively. Our new ests. incorporate better than expected 2Q results, slightly lower rev expectations in 2H/14 (but slightly higher in 2015 driven by a higher ASP est.), lower SG&A expense, and lower interest expense.”

KB Home closed on Friday at $18.69.

Latest Ratings for KBH

DateFirmActionFromTo
Jan 2017Evercore ISI GroupDowngradesHoldSell
Jan 2017BarclaysInitiates Coverage OnUnderweight
Nov 2016Evercore ISI GroupInitiates Coverage OnHold

View More Analyst Ratings for KBH
View the Latest Analyst Ratings

Posted-In: Credit Suisse Daniel OppenheimAnalyst Color Reiteration Analyst Ratings

 

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