Mizuho lowered the firm’s price target on AMH (AMH) to $34 from $36 and keeps an Outperform rating on the shares as part of a Q3 preview for the apartment real estate investment trusts. The firm’s analysis of third-party data suggests market rents decelerated in Q3 versus Q2 more than during the comparable prior-year period. As a results, Mizuho sees potential cuts to outlooks and modest downside to consensus estimates for 2025 and 2026. However, the firm believes the stocks “may find some support into earnings despite lacking near-term catalysts.”
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AMH:
- AMH price target lowered to $38 from $39 at Wells Fargo
- Positive Outlook for American Homes: Attractive Valuation and Steady Growth Amid Market Challenges
- Wolfe upgrades AMH to Outperform on ‘compelling’ valuation
- AMH upgraded to Outperform from Peer Perform at Wolfe Research
- AMH downgraded to Neutral from Buy at Goldman Sachs