NVR initiated with a Hold at Truist

Truist analyst Jonathan Bettenhausen initiated coverage of NVR (NVR) with a Hold rating and $7,700 price target The firm launched coverage on the homebuilding industry, saying revenues will be mostly down in 2026, with modest overall unit declines and potentially some pricing pressure. Truist sees 2026 as a “bottom year” for margins and demand, which could result in “notable” 2027 earnings growth. It views NVR as fully valued based on its 2027 projected return on equity.