Analysts Are Increasing Price Targets of These 5 Stocks

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In this article, we discuss the 5 stocks receiving price-target hike from analysts. If you want to see more such stocks on the list, go directly to Analysts Are Increasing Price Targets of These 10 Stocks.

05. KB Home (NYSE:KBH)

Upside Potential: 9.80%

KB Home (NYSE:KBH) was founded in 1957 and is headquartered in Los Angeles, California. It is a homebuilding company that constructs and sells attached and detached single-family residential homes, townhomes, and condominiums.

Barclays raised KB Home (NYSE:KBH) price target to $56 from $51 on May 24, maintaining an Overweight rating. The investment community underestimates the positive impact of low home inventory on new construction. Despite challenges in the housing market, new construction is improving, leading Barclays to have a more positive outlook on companies benefiting from it, upgrading Corning and downgrading SiteOne Landscape Supply. Earnings estimates and price targets for homebuilders and residential distributors have also been raised.

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