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Enter Symbol:
Rating: KBH

Kb Home (NYSE: KBH) reiterated to Neutral by Citigroup

Monday,  Jan 11, 2016  10:25 AM ET by Dave Ficere

Citigroup reiterated Kb Home (NYSE: KBH) to Neutral. Previously Citigroup rated Neutral Kb
Home (NYSE: KBH) on 12/23/2013, when the stock price was $17.29. Since then, Kb Home's stock price has lost 41% as of 01/11/2016's recent price of $10.18.

KB Home is a builder of single-family homes with domestic operations in several western states, and international operations in France. Domestically, the company builds innovatively designed homes which cater primarily to first-time homebuyers, generally in medium-sized developments close to major metropolitan areas. Internationally, the company also builds commercial projects and high density residential properties such as condominium complexes.

Citi Investment Research is a highly respected research unit and is comprised of 390 research analysts across 22 countries. Citi Investment Research covers 3,100 companies, representing 90 percent of the market capitalization of the major global indices, and provides macro and quantitative analysis of global markets and sector trends. Combined with Citi's exceptional sales and trading capabilities and Smith Barney's financial consultants, the core focus of the group is to help investing clients make informed decisions by providing value-added, independent, insightful analysis.

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