As previously reported, RBC Capital analyst Mike Dahl upgraded KB Home to Outperform and raised his price target to $30 from $25, saying his analysis signals sequential improvement in pricing dynamics, with "better breadth of base floor plan price increases" and fewer instances of pricing reductions for both plans and spec inventory. The analyst also points to "early signs of recovery" in the company's Western markets, which is expected to support KB Home's second half margins. Dahl adds that the gap between small to mid-cap builders like KB Home and larger builders will narrow.

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