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.
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