AppFolio price target raised to $311 from $295 at Keefe Bruyette

Keefe Bruyette raised the firm’s price target on AppFolio (APPF) to $311 from $295 and keeps a Market Perform rating on the shares. Keefe Bruyette is tactically positive on AppFolio as growing optimism around the upside potential from resident services initiatives likely supports the shares near-term, the analyst tells investors in a research note.