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KB Home (KBH +1%) suffers only a brief dip before recovering with the general market this...

KB Home (KBH +1%) suffers only a brief dip before recovering with the general market this morning, following a downgrade to Sell by Citigroup on valuation. Citi says the company is over-leveraged relative to its peers, and will likely need to raise capital to reduce its interest drag and scale up inventory. Separately, it ups Lennar (LEN +0.8%) to Neutral from sell, citing cautious optimism over a bump in housing starts.
Comments (1)
  • scott7122
    , contributor
    Comments (11) | Send Message
     
    The action on KBH today is more of a reflection on Citigroup...late to the party going from PT 8 to 12 when the price has moved to 14.
    2 Oct 2012, 11:35 AM Reply Like
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