Champion Homes (SKY) saw its stock price plummet by 5.04% during intraday trading on Wednesday, as multiple analysts cut their price targets for the company. The significant drop comes in the wake of the company's recent fourth-quarter earnings release and subsequent analyst reassessments.

Barclays analyst Matthew Bouley lowered the firm's price target on Champion Homes to $72 from $97, while maintaining an Equal Weight rating on the shares. Similarly, RBC Capital reduced its price target to $82 from $96, keeping a Sector Perform rating. These downgrades reflect a more cautious outlook on the company's near-term prospects, despite its strong fiscal year 2025 performance reported earlier this week.

The average analyst rating for Champion Homes currently stands at "hold," with a mean price target of $85.17, according to FactSet. This conservative stance from analysts, coupled with the lowered price targets, appears to have shaken investor confidence, leading to today's sharp decline. As the market digests these new assessments, investors will be closely watching for any further developments or guidance from the company to gauge its future trajectory.