KB Home (KBH) PT Lowered to $53 at RBC Capital

RBC Capital analyst Mike Dahl lowered the price target on KB Home (NYSE: KBH) to $53.00 (from $54.00) while maintaining a Sector Perform rating.

The analyst commented: "Another Cut to Ests, Recent Demand Cracks; Our FY'26/'27E EPS falls -19%/-10% on a neutral F1Q, weak F2Q guide, and cut to the FY'26 guide as downside potential remains given overhang from macro/geopolitical unknowns and soft housing fundamentals ('26/'27E -21%/-20% vs. prior Street). The re-shift to BTO and regional mix could somewhat help 2H though the net effect is still further compressed ROE (now just 5% in ’26), undercutting valuation support."

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