KB Home Saw 'Meaningful Improvement' In Orders After Price Cuts, Analyst Says

Shares of KB Home (NYSE:KBH) were rising in early trading on Wednesday, after tanking in the previous session on the company's downbeat fiscal first-quarter revenues.

The company is witnessing a softer start to the Spring selling season than in the past few years, according to JPMorgan.

The KB Home Analyst: Analyst Michael Rehaut reiterated a Neutral rating, while cutting the price target from $74.50 to $68.00.

The KB Home Thesis: Consumer demand has been impacted by "affordability and macro uncertainty, resulting in slower decision making," Rehaut ...