KB Home Stock Jumps After Q2 Report, But Forecasts Leave Analysts Divided

Shares of KB Home (NYSE:KBH) traded higher on Tuesday after the company reported upbeat fiscal second-quarter revenues a day earlier.

The announcement came amid an exciting earnings season. Here are some key analyst takeaways.

BofA Securities On KB Home

Analyst Rafe Jadrosich maintained a Buy rating, while cutting the price target from $58 to $54.

Although KB Home reported in-line earnings for its fiscal second quarter, it lowered its full-year revenue and margin guidance, Jadrosich said in a note. The company had net orders of 3,500, missing expectations and representing a 13% year-on-year decline, he added.

"KBH continued to lower base ...