KB Home price target raised to $51 from $42 at Barclays

Barclays raised the firm’s price target on KB Home to $51 from $42 and keeps an Overweight rating on the shares. The analyst "significantly" raised estimates following the company’s results. KBH‘s sales pace "impressively" stayed consistent in early March alongside the jump in mortgage rates, the analyst tells investors in a research note. The firm thinks KB’s risk /reward remains favorable here, with further upside potential to valuation should the company normalize to mid-teens return on equity.