BofA lowered the firm’s price target on NVR (NVR) to $9,600 from $10,600 and keeps a Buy rating on the shares. Homebuilder stocks underperformed in 2024 as demand deteriorated in the second half of the year with higher mortgage rates, notes the analyst, who expects the challenging environment for homebuilders to persist through the first half of 2025.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NVR:
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue