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AMH downgraded to Neutral from Buy at Goldman Sachs

Goldman Sachs analyst Julien Blouin downgraded AMH (AMH) to Neutral from Buy with a price target of $37, down from $43. The firm believes a slower home selling environment is creating “shadow supply.” This influx of new listings is outweighing demand and resulting in declining rents in AMH’s markets, the analyst tells investors in a research note.

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