JPMorgan upgraded Invitation Homes (INVH) to Overweight from Neutral with an unchanged price target of $38. The firm views Invitation’s valuation as “washed out.” The stock has lagged peers and is now “heavily discounted” relative to both its underlying fundamentals and real estate value, the analyst tells investors in a research note.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on INVH: