NexPoint Residential price target raised to $46 from $37 at Truist

Truist raised the firm’s price target on NexPoint Residential to $46 from $37 and keeps a Hold rating on the shares. The firm increased 2025 funds from operations estimates to reflect lower interest rates from the announced refinancing activity, as well as lower projected market interest rates. However, NexPoint still has the lowest three- and five-year growth in Truist’s apartment coverage, the analyst tells investors in a research note.