NVR price target raised to $6,000 from $5,120 at KeyBanc

KeyBanc analyst Kenneth Zener raised the firm’s price target on NVR to $6,000 from $5,120 on rising book valuation, while keeping an Overweight rating on the shares. The firm believes that NVR’s high ROI and steady CF generation show that properly managed land spend – owned or not – can deliver steady cashflow.