KB Home price target raised to $74 from $67 at Keefe Bruyette

Keefe Bruyette raised the firm’s price target on KB Home to $74 from $67 and keeps a Market Perform rating on the shares. The analyst increased estimates modestly post the company’s Q1 results. While KB looks relatively attractive at 1.2-times forward book value, near mid-cap peers, Keefe has a preference for larger cap builders, the analyst tells investors in a research note.