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KB Home

October 4, 2009

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Citing flagging home sales, a Credit Suisse Group analyst cut his rating on KB Home to “neutral’’ from “outperform’’ on Thursday, sending shares lower. Analyst Daniel Oppenheim also cut his price target for the Los Angeles-based home builder to $17, from $19. In a note to investors, he wrote that the end of the $8,000 first-time home buyer tax credit would lead to a drop off in sales in the fourth quarter.