KB Home shares undervalued, says RBC Capital RBC Capital believes that KB Home isn't getting full credit from investors for its improving sales prices and cost control initiatives. The firm contends that investors are underestimating the benefits of the company's large exposure to the recovering California and Texas markets, and the firm maintains a $19 price target and Outperform rating on the stock.
News For KBH From The Last 14 Days
Check below for free stories on KBH the last two weeks.
KB Home acquires land in New Braunfels KB Home announced it has acquired land in New Braunfels to develop a new home community called West Village at Creekside, where the builder plans to construct 469 Built to Order homes in the growing northeast IH-35 corridor. Land development will commence this summer, with a grand opening scheduled for January 2015. KB Home will offer two collections of homes at West Village at Creekside that can be customized.
On The Fly: Analyst Downgrade Summary athenahealth (ATHN) downgraded to Underperform from Perform at Oppenheimer... Deutsche Telekom (DTEGY) downgraded to Hold from Buy at Jefferies... DuPont Fabros (DFT) downgraded to Hold from Buy at Jefferies... KB Home (KBH) downgraded to Underperform from Buy at BofA/Merrill... Meritage Homes (MTH) downgraded to Underperform from Neutral at BofA/Merrill... Realty Income (O) downgraded to Neutral from Buy at BofA/Merrill... Staples (SPLS) downgraded to Hold from Buy at BB&T... Taylor Morrison (TMHC) downgraded to Neutral from Buy at Citigroup... D.R. Horton (DRI) downgraded to Neutral from Buy at Citigroup... Buffalo Wild Wings (BWLD) downgraded to Hold from Buy at Miller Tabak... Computer Task Group (CTG) downgraded to Neutral from Buy at Sidoti... General Mills (GIS) downgraded to Underperform from Outperform at CLSA.