NVR price target lowered to $6,600 from $7,100 at Truist

Truist lowered the firm’s price target on NVR (NVR) to $6,600 from $7,100 and keeps a Hold rating on the shares after its Q1 earnings miss. Investors were mostly disappointed with gross margin performance, which missed consensus estimates fairly meaningfully, and Truist is cautious on what it believes are some share losses in the Mid-Atlantic and Northeast regions, the analyst tells investors in a research note.