Credit Suisse Lowers KB Home Price Target


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On Wednesday, Credit Suisse analysts lowered the price target on shares of KB Home (NYSE: 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.


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Posted In: Price TargetAnalyst RatingsCredit SuisseMichael Dahl