RBC Capital analyst Mike Dahl raised the firm’s price target on KB Home to $69 from $63 and keeps a Sector Perform rating on the shares. The analyst cites the company’s Q1 earnings beat and stronger deliveires, along with upside in Q1 orders and gross margins. KB Home management also expects healthy demand to continue in Q2, with price/incentive trends improving looking towards the second half and supporting a slightly improved FY24 gross margin guide, the firm tells investors in a research note.
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