2019-01-09 08:05:49KBH   - $21.12
0.12 (0.57%) , GOOG - $1,077.36
8.58 (0.80%) … 08:0501/09/19 01/0908:05 01/09/1908:05 | KB Home to offer KB Smart Home System at two Henderson communitiesKB Home (KBH) announced that the home builder will be offering its KB Smart Home System as an included feature at two Henderson communities: Reserves and Landings at Inspirada. The KB Smart Home System, which leverages the power of Google Assistant (GOOG, GOOGL) to integrate a curated selection of voice- and smartphone-controlled features, will also be available as an option for all buyers who purchase a new KB home at any of the builder's other communities in Las Vegas. Powered by Google Assistant, homeowners with the KB Smart Home System will be able to control many of the most important functions of their new home and automate routines to their individual preferences to live more comfortably and efficiently. KBH - $21.12
0.12 (0.57%) GOOG - $1,077.36
8.58 (0.80%) GOOGL - $1,085.89
8.89 (0.83%) | |
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- $21.12
0.12 (0.57%) - 11/15/18
KB Home downgraded to Neutral on market deterioration at BofA/Merrill As previously reported, BofA/Merrill downgraded KB Home to Neutral from Buy and lowered its price target to $24 from $26. Analyst John Lovallo said KB Home lowered its FY19 financial outlook to reflect market difficulties that have intensified over the past several weeks. KB Home's exposure to higher priced markets remains an overhang and a lower multiple is warranted given deteriorating market sentiment and absorption risk, Lovallo wrote in a note to investors. - 11/15/18
- BTIG
11/15/18
NO CHANGETarget $18
BTIG
Sell KB Home price target lowered to $18 from $21 at BTIG BTIG analyst Carl Reichardt lowered his price target on KB Home to $18 and kept his Sell rating after the company's updated guidance on its annual analyst call with reduced expectations for Q4 and FY19 along with below-consensus view of Q1. The analyst states that KB Home's absorption comps are set to become "significantly more challenging", and while the company relies on California to be the driver of overall community growth, he expects the demand conditions in the state to remain challenging amid affordability constraints. Reichardt also lowers his FY18 EPS view to $2.72 from $2.86 following yesterday's update. - 11/15/18
- LEHM
11/15/18
NO CHANGETarget $21
LEHM
Equal Weight KB Home price target lowered to $21 from $27 at Barclays Barclays analyst Matthew Bouley lowered his price target for KB Home to $21 citing the company's Q4 and fiscal 2019 guidance reductions as well as a "sharp" 14% contraction in year-over-year orders disclosed through the first 10 weeks of Q4. The "near-term absorption softening" leaves uncertainty around how much growth the community ramp can drive, Bouley tells investors in a research note. The analyst keeps an Equal Weight rating on the shares. - 11/15/18
- WELS
11/15/18
NO CHANGETarget $30
WELS
Outperform KB Home price target lowered to $30 from $35 at Wells Fargo Wells Fargo analyst Stephen East lowered his price target for KB Home to $30 from $35 as the company's strategic progress update was "hijacked" by disappointing orders decline. The analyst reiterates an Outperform rating on the shares. - $1,077.36
8.58 (0.80%) - 01/08/19
- BTIG
Pixel 3 may be first smartphone with CBRS spectrum, says BTIG Google's (GOOG, GOOGL) Pixel 3 could be the first smartphone enabled with Citizens Broadband Radio Service spectrum, BTIG analyst Walter Piecyk tells investors in a research note. Pixel 3 launched exclusively with Verizon (VZ) three months ago and at launch, it included Band 42, which includes a portion of the spectrum used for CBRS, says the analyst. Further, he points out that Google requested that the Federal Communications Commission allow it to activate CBRS/Band 48 in the Pixel 3 through a software upgrade. It is unclear if Apple (AAPL) could upgrade its iPhones to CBRS with a software upgrade, like Google, Piecyk contends. - 01/07/19
Fly Intel: Top five analyst upgrades Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. General Motors (GM) upgraded to Outperform from Market Perform at BMO Capital with analyst Richard Carlson citing a "brighter spotlight" being placed on the GM Cruise model in 2019 leading to more appropriate value being priced into the shares. 2. Alphabet (GOOG, GOOGL), Adobe (ADBE), and Salesforce (CRM) were upgraded to Buy from Hold at Pivotal Research. 3. Citi (C) upgraded to Outperform from Neutral at Macquarie with analyst David Konrad saying despite macro uncertainties, he sees Citi's stock as compelling due to his expectations for improving performance, continued operating leverage and credit risk concerns that he views as overdone. 4. Micron (MU) upgraded to Outperform from Market Perform at BMO Capital with analyst Ambrish Srivastava citing valuation. 5. Dillard's (DDS) upgraded to Neutral from Underweight at JPMorgan with analyst Matthew Boss saying he sees a more balanced risk/reward with the stock underperforming the over the past few years. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here. - 01/07/19
- PIVT
01/07/19
UPGRADETarget $1240
PIVT
Buy Alphabet upgraded to Buy from Hold at Pivotal Research Pivotal Research analyst Brian Wieser upgraded Alphabet (GOOGL) to Buy and raised his price target for the shares to $1,240 from $1,010. Google remains the dominant player in digital advertising, says the analyst, and he sees data suggest that "little is getting in the way of its position with either consumers or advertisers," Wieser tells investors in a research note. He adds that while Alphabet faces some of the same issues as Facebook (FB), the company is also better managed. - 01/03/19
Fly Intel: Top five analyst upgrades Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Apple (AAPL) upgraded to Neutral from Reduce at New Street with analyst Pierre Ferragu saying the news is as bad as can be and the thesis is "fully played out." 2. Alphabet (GOOG, GOOGL) upgraded to Buy from Hold at Canaccord with analyst Michael Graham saying revenue growth should continue in the 15-20% range for 2-3 years which coupled with abating margin pressure and share buybacks, should lead to over 15% earnings growth between 2020-2022. 3. First Solar (FSLR) upgraded to Buy from Neutral at Goldman Sachs with analyst Brian Lee saying solar stocks underperformed in 2018 as tariffs, China policy and oversupply drove a cyclical correction. 4. Stryker (SYK) upgraded to Outperform at Evercore ISI with analyst Ross Muken saying 2019 guidance has been de-risked following management commentary and said recent macro survey work suggests 7% organic growth is achievable. 5. Waters (WAT) upgraded to Neutral from Underperform at BofA/Merrill with analyst Derik de Bruin citing an aggressive share buyback program that offers earnings support. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here. - $1,085.89
8.89 (0.83%) - 01/09/19
- BMOC
01/09/19
UPGRADETarget $33
BMOC
Outperform HCP upgraded to Outperform at BMO Capital on improved balance sheet As reported earlier, BMO Capital analyst John Kim upgraded HCP (HCP) to Outperform from Market Perform and raised his price target to $33 from $30. The analyst cites the company's balance sheet improvement after its recent $1B Mountain View asset sale to Google (GOOGL) and the resulting repositioning of its asset base to a "healthy mix of senior housing, life sciences, and Medical Office." |