This post was just published on ZYX Buy Change Alert.
KBH reports earnings of $o.08 vs. consensus of $0.02; revenues of $500.1 million vs. $473 million consensus.
In view of better than expected earnings, we are raising the buy zone to $11.56 to $14.52, preferably under $14.07.
This is a very long-term position now. Target zone remains $22 to $26. Mental stops on half the quantity remain in the zone of $9.43 to $9.83.
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