BofA lowered the firm’s price target on NVR (NVR) to $7,600 from $8,225 and keeps a Buy rating on the shares following a Q1 EPS misses on lower closings revenue and weaker margins. The firm lowers its 2026 EPS estimate by 8% to reflect the Q1 miss, a more conservative gross margin outlook and higher SG&A costs.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NVR: