KB Home Upgraded Again, Shares Soar

KB Home(KBH Quote) might not build as many homes as it did last year, but it sure is building some strong analyst ratings.

Only 10 days after being upgraded to neutral by Credit Suisse analyst Daniel Oppenheim, it was once again boosted by the analyst, this time to outperform. Oppenheim said he expects orders at the home builder to trend higher in the second half of the year.

As a result, shares of the company soared 10% to $12.52 in afternoon trading, before closing at $12.44.

And KB Home comes cheap. Since Oppenheim upgraded the company on June 29, the stock has lost about 12% and is off about 35% since the beginning of May. ...