Bank of America downgraded NVR and cut its target and estimates

Event: October 23, 2026. Bank of America analyst Rafe Jadrosich cut NVR to Underperform from Buy and its target to $5,900 from $6,725; 2026 and 2027 EPS estimates fell 5% and 10%, to $345.39 and $357.42. NVR was down 0.81% at $6,060.96 at publication. The report cited weaker demand, margin pressure and Q3 results; it did not give peer stock moves.