NexPoint Residential price target lowered to $27 from $33 at Deutsche Bank

Deutsche Bank lowered the firm’s price target on NexPoint Residential (NXRT) to $27 from $33 and keeps a Hold rating on the shares. The firm reduced the company’s estimates ahead of the Q1 report, saying supply issues continue to weigh heavily on NexPoint’s key markets like Phoenix and Tampa. Markets like Charlotte, Raleigh and Orlando are also seeing weak rent growth, the analyst tells investors in a research note.