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KB Home falls after brokerages cuts PT

ReutersJun 24, 2025 1:49 PM

KB Home KBH.N shares down 2% at $52, in early trade

The homebuilder on Monday reported Q2 earnings above analysts' estimates and lowered its 2025 revenue forecast to $6.3 bln-$6.5 bln from $6.6 bln-$7 bln

At least five brokerages cut their price target on the KBH stock

BofA Global Research warns that lower deliveries and an unfavorable regional mix are expected to weigh on co's Q3 margins

Also cuts 2025 EPS forecast to $6.26 from $6.93

Wells Fargo also slightly lowered 2025 EPS forecast to $6.40 from $6.50 reflecting a weak operating outlook

Adds short-term pressure is likely as investors anticipate weaker guidance or a potential year-end miss, with risks leaning to the downside

4 of 15 brokerages rate the stock "buy", 9 "hold" and 2 "sell" or lower; their median PT is $58- data compiled by LSEG

Including session moves, shares are down 20.2% YTD

Brokerage

New PT

Old PT

BofA

$54

$58

Wells Fargo

$52

$53

UBS

$80

$86

Barclays

$49

$56

RBC

$58

$63

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