Here are the biggest calls on Wall Street on Wednesday
Goldman raised its price target on the stock but warned that services business growth may fall short.App Store data from Sensor Tower suggests a material slowdown in May and June revenues after a spike in activity in March and April driven by Greater China. In revenue terms Sensor Tower indicates iOS App Store revenue growth of 14% Y/Y in June down from 18% Y/Y in May, 21% in April and 22% in March.
"In the midst of a homebuilding sector where individual stock returns are likely to be highly data-driven, we believe KBH is well positioned with its focus on the entry-level and its strong community count growth.
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