NexPoint Residential price target raised to $43 from $41 at Jefferies

Jefferies raised the firm’s price target on NexPoint Residential (NXRT) to $43 from $41 and keeps a Hold rating on the shares. The firm cites improving supply forecasts in the Sunbelt for the target bump. However, it remains on the sidelines given NexPoint’s leverage, upcoming interest rate swap expirations, and exposure to lower-income residents.