Fly News Breaks for December 15, 2015
KBH
Dec 15, 2015 | 06:53 EDT
Credit Suisse analyst Michael Dahl downgraded KB Home to Underperform and lowered his price target to $12 from $17 on shares. Dahl said KB Home is well below peers in ROE, with limited room for improvement given high asset leverage and margins only increasing modestly. The analyst said KB Home has high exposure to at-risk markets of Houston and Austin and consensus expectations are high.
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