By: Benzinga
February 26, 2013 at 09:11 AM EST
UPDATE: JP Morgan Raises KB Home PT to $21.50 on Gross Margin Outlook
JP Morgan maintained KB Home (NYSE: KBH ) with an Overweight rating and raised the price target from $20.00 to $21.50. JP Morgan said, "Trading at 1.2x P/B (ex-adjusted FAS 109 charges), a 33% discount to its peers, we believe KBH's valuation does not fully reflect our outlook for the
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