Credit Suisse Lowers KB Home Price Target

On Wednesday, Credit Suisse analysts lowered the price target on shares of KB Home KBH to $20 from $22.
Michael Dahl finds that order growth in 2014 remains flat, “Our revised estimates are driven by KBH's continued focus on improving gross margins vs. pace at a time of increasing price sensitivity among buyers.”
Shares of KB Home recently traded at $15.72 down 2 percent.