KB Home price target raised to $37 from $34 at RBC Capital

RBC Capital analyst Mike Dahl raised the firm’s price target on KB Home to $37 from $34 but keeps a Sector Perform rating on the shares after its Q1 earnings beat. The analyst is positive on the company’s recent order improvement and margin resiliency within a "solid" quarter as well as the visibility provided by its backlog. The firm adds however that there’s still "significant risk and uncertainty" around the path of demand, price, and margin for KB Home.