KB Home falls after brokerages cuts PT

KB Home

24/06/2025 14:49

** KB Home KBH.N shares down 2% at $52, in early trade

** The homebuilder on Monday reported Q2 earnings above analysts' estimates and lowered its 2025 revenue forecast to $6.3 bln-$6.5 bln from $6.6 bln-$7 bln

** At least five brokerages cut their price target on the KBH stock

** BofA Global Research warns that lower deliveries and an unfavorable regional mix are expected to weigh on co's Q3 margins

** Also cuts 2025 EPS forecast to $6.26 from $6.93

** Wells Fargo also slightly lowered 2025 EPS forecast to $6.40 from $6.50 reflecting a weak operating outlook

** Adds short-term pressure is likely as investors anticipate weaker guidance or a potential year-end miss, with risks leaning to the downside

** 4 of 15 brokerages rate the stock "buy", 9 "hold" and 2 "sell" or lower; their median PT is $58- data compiled by LSEG

** Including session moves, shares are down 20.2% YTD

Brokerage
New PT
Old PT
BofA
$54
$58
Wells Fargo
$52
$53
UBS
$80
$86
Barclays
$49
$56
RBC
$58
$63

 (Reporting by Apratim Sarkar)

 ((Apratim.Sarkar@thomsonreuters.com))