BUZZ-Homebuilder KB Home down after JPM cuts PT

Reuters12-14

BUZZ-Homebuilder <a href="https://laohu8.com/S/KBH">KB Home</a> down after JPM cuts PT

** Shares of homebuilder KB Home KBH.N down 3.4% at $71.03

** J.P. Morgan cuts stock PT to $82 from $92.50; maintains "neutral" rating

** Brokerage sees key factors driving housing demand, such as interest rates, job growth and affordability, are unlikely to see significant improvement in 2025

** Four of the 16 brokerages rate the stock "buy", 8 "hold" and four "sell" or lower, with a median PT of $85, according to data compiled by LSEG

** As of last close, shares up ~17.7% YTD

(Reporting by Rupali Chaudhary in Bengaluru)

((Rupali.Chaudhary@thomsonreuters.com))

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