Seaport Global Turns Bullish On This Homebuilder

by Shivani Kumaresan, Benzinga Staff Writer

January 21, 2022 9:04 AM | 1 min read | Make a Comment

Seaport Global analyst Mark Weintraub upgraded KB Home KBH to Buy from Neutral with a $53 price target.
Weintraub noted the stock had dropped 16% in one week on concerns about rising interest rates.
However, the analyst sees "underlying positives" for housing, including strong demographics and continued catch-up post a decade of underbuilding.
Following his downgrade a week ago, the analyst concludes KB's risk/reward "looks very good again."
Price Action: KBH shares are trading higher by 0.46% at $41.71 in premarket on the last check Friday.