Analyst: Homebuilding Stock Faces Stiff Competition

KB Home (NYSE:KBH) is down 2.9% to trade at $79.42 this morning, after Wells Fargo downgraded the homebuilder stock to "underperform" from "equal weight." The analyst in coverage noted KBH could lag its sector competitors in 2025 amid structurally lower EBIT margins.The analyst did, however, raise its price target to $83 from $80. Coming into today, the majority of analysts were already pessimistic, and the 12-month average target price of $84.92 is a 6.2% premium to the equity's current perch.KBH is now te ...