Barclays analyst Matthew Bouley raised the firm’s price target on KB Home to $77 from $75 and keeps an Overweight rating on the shares. The company’s Q1 order strength and fiscal year margin guidance increase reflect a positive demand and selling price outlook, the analyst tells investors in a research note. The firm says that while the stock reaction could reflect disappointment with the Q2 margin guide, KB Home has a history of conservatism.
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