NVR price target lowered to $8,400 from $9,300 at BofA

BofA analyst Rafe Jadrosich lowered the firm’s price target on NVR (NVR) to $8,400 from $9,300 and keeps a Buy rating on the shares. The firm is lowering its price targets for Homebuilders under its coverage to reflect softer demand and elevated incentives, the analyst tells investors. Additionally, the firm expects the challenging environment for homebuilders to continue into the second half of 2025.