NVR price target lowered to $10,600 from $10,800 at BofA

BofA lowered the firm’s price target on NVR (NVR) to $10,600 from $10,800 and keeps a Buy rating on the shares after the company reported Q3 EPS of $130.50, below the firm’s $131.26 forecast and roughly in-line with consensus of $130.67. The firm, which says its revised target reflects a “slightly lower” 2025 EPS view, calls out NVR as “one of the few builders under our coverage that we forecast would grow EPS and return-on-equity in 2025.”