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Fly News Breaks for March 23, 2018
KBH
Mar 23, 2018 | 04:57 EDT
Wells Fargo analyst Stephen East upgraded KB Home to Outperform while trimming his price target for the shares to $35 from $37. The shares have fallen 25% since January 11, the worst in the group, while estimates "must rise," East tells investors in a research note following the company's Q1 results. KB continues its pivot toward its most profitable region, the West Coast, which should lead to continued leverage despite growth investment initiatives, the analyst contends.
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