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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.

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

 

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