Homebuilder KB Home down after JPM cuts PT

KB Home

13/12/2024 19:03

** Shares of homebuilder KB Home  KBH.N  down 3.4% at $71.03
    ** J.P. Morgan cuts stock PT to $82 from $92.50; maintains
"neutral" rating
    ** Brokerage sees key factors driving housing demand, such
as interest rates, job growth and affordability, are unlikely to
see significant improvement in 2025
    ** Four of the 16 brokerages rate the stock "buy", 8 "hold"
and four "sell" or lower, with a median PT of $85, according to
data compiled by LSEG
    ** As of last close, shares up ~17.7% YTD
   

 (Reporting by Rupali Chaudhary in Bengaluru)
 ((Rupali.Chaudhary@thomsonreuters.com))