Raymond James analyst Buck Horne lowered the firm’s price target on Invitation Homes (INVH) to $36 from $40 and keeps an Outperform rating on the shares. The firm refreshed its estimates as recession risks seem to be growing by the day, saying Invitation Homes is a “proven and battle-tested” platform that can deliver outstanding results even in times of economic stress, the analyst tells investors in a research note. The firm finds the current entry point as very compelling.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on INVH:
- Microsoft, Intel upgraded: Wall Street’s top analyst calls
- Invitation Homes upgraded to Outperform from Neutral at Mizuho
- Invitation Homes price target raised to $37 from $36 at Barclays
- Invitation Homes price target raised to $36 from $35 at Keefe Bruyette
- Cautious Outlook for Invitation Homes Amidst Modest Growth and Seasonal Challenges