Lower Rates Boost KB Homes Earnings Expectations

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  • #21051
    ThePitBoss
    Participant

    KB Homes report  Q2 earnings after the market….

    [article]1574[/article]

    #21070
    Truman
    Participant

    KB Home $KBH Trying to bounce back after $LEN sell off and huge New home sales miss ahead of tomorrow’s earnings 6
    $23.86 USD −0.61 (2.51%)

    #21289
    ThePitBoss
    Participant

    KBH Home (NYSE: KBH) was downgraded to In-Line from Outperform at Evercore ISI.on Wed

    #21604
    ThePitBoss
    Participant

    SunTrust initiated DR Horton, KB Home, & PulteGroup as ‘buy’

    “We are selectively positive on the builders as lower interest rates should re-accelerate new home sales in 2H19, particularly in the entry-level market segment. Additionally, we believe sector valuations do not reflect that recent Fed accommodation could bridge the cycle through 2021, when stronger demographic tailwind should drive another surge in demand through 2025.”

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