Benzinga | Jan 21, 2022 09:05AM EST

Seaport Global Turns Bullish On This Homebuilder

* Seaport Global analyst Mark Weintraub upgraded KB Home (NYSE:KBH) to Buy from Neutral with a $53 price target.

* Weintraub noted the stock had dropped 16% in one week on concerns about rising interest rates.

* However, the analyst sees "underlying positives" for housing, including strong demographics and continued catch-up post a decade of underbuilding.

* Following his downgrade a week ago, the analyst concludes KB's risk/reward "looks very good again."

* Price Action: KBH shares are trading higher by 0.46% at $41.71 in premarket on the last check Friday.