Analysts Just Trimmed Price Targets for These 5 Stocks

02. KB Home (NYSE:KBH)

Price Reaction after the Price Target Cut: -2.06 (-4.29%)

KB Home (NYSE:KBH) operates in the residential construction industry, specifically as a homebuilding company. They are involved in designing and constructing homes for various market segments, including first-time homebuyers, move-up buyers, and active adult homebuyers. On September 21, Wedbush adjusted its price target for KB Home (NYSE:KBH) stock from $64.00 to $55.00, indicating a lowered expectation for its potential value. However, it’s noteworthy that Wedbush has maintained its “Outperform” rating for KB Home (NYSE:KBH), suggesting that they still believe the stock has the potential to outperform the market despite the reduced target price. As of the latest data, KB Home (NYSE:KBH) stock is trading at $46.01, reflecting a 4.3% decrease in response to Wedbush’s target price revision. This news illustrates the cautious sentiment among analysts regarding the residential construction industry and its challenges.