KB Home Saw 'Meaningful Improvement' In Orders After Price Cuts, Analyst Says
1. KB Home shares rose 1.59% after falling on downbeat revenues. 2. Analyst cut KBH price target from $74.50 to $68.00. 3. Softer Spring selling season noted, affecting consumer demand. 4. Revenue guidance lowered by 6%, gross margin by 90 basis points. 5. Improvement in orders recorded post price cuts, but challenges remain.