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Fly News Breaks for May 3, 2016
KBH
May 3, 2016 | 16:35 EDT
UBS analyst Susan Maklari downgraded KB Home to Sell from Neutral citing her view that the company will not show the EPS power needed to justify its current valuation. Maklari, who noted that the firm's latest channel checks suggest the rate of price appreciation in California is slowing, cut her price target on the stock to $11 from $13.
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