Argus analyst Chris Graja keeps his Hold rating on KB Home but maintains an upgrade bias, also raising his FY20 EPS view by 35c to $3.00. The analyst cites a higher community count for the company than he had previously modeled and expects the communities' profitability to improve as they mature. Graja adds that KB Home is focusing on making its operations more efficient while prioritizing communities with higher gross margin potential. The analyst also notes that the company is starting to offer smaller and more affordable home designs.
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