The Fly

NVR price target raised to $5,120 from $4,800 at KeyBanc

KeyBanc analyst Kenneth Zener raised the firm’s price target on NVR to $5,120 from $4,800 and keeps an Overweight rating on the shares. The analyst cites rising stock levels amid volatile market trends, with his absolute targets reflecting implied market out-performance more than an intrinsic valuation, given ongoing macro pressure superseding near-term fundamentals. Amid deteriorating housing data, Zener reiterates a Bullish Builder thesis RIP, based on a favorable risk to return versus the market.

Published first on TheFly

See today’s best-performing stocks on TipRanks >>

Read More on NVR:

Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More