AMH price target raised to $41 from $39 at RBC Capital

RBC Capital analyst Brad Heffern raised the firm’s price target on AMH (AMH) to $41 from $39 and keeps an Outperform rating on the shares. The company’s Q1 results were in line with expectations and guidance was reiterated, but leasing spreads are showing a very strong seasonal inflection, suggesting that 2025 will be another above-average SFR – single-family property revenue – year, the analyst tells investors in a research note.