NVR price target lowered to $8,400 from $9,200 at BofA

Group 1 - BofA has lowered the price target on NVR to $8,400 from $9,200 while maintaining a Buy rating on the shares [1] - Homebuilder stocks have rallied sharply year-to-date after underperforming the market in 2025 [1] - The firm anticipates that weaker employment and migration trends, ongoing inflation, and a competitive selling environment will pressure fundamentals through 2026, marking it as a "reset year for homebuilders" [1]