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Fly News Breaks for March 23, 2015
KBH
Mar 23, 2015 | 08:32 EDT
After KB Home reported stronger than expected Q1 results but provided lower than expected 2015 gross margin guidance, JMP Securities thinks the company is on track to drive community count growth, sustain absorptions, and improve gross margin throughout 2015 and into 2016. The firm raised its price target on the name to $18 from $17 and keeps an Outperform rating on the shares.
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