As previously reported, Wolfe Research upgraded AMH (AMH) to Outperform from Peer Perform with a $38 price target Fundamentals are “okay” and can support about 3% top-line growth, says the analyst, who thinks AMH can produce mid-single digit earnings growth through 2027. Meanwhile, the current valuation is “pricing in a lot going wrong,” adds the analyst, who argues that “buying good companies under imperfect conditions is a means for a good entry point for a patient investor.”
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Read More on AMH:
- AMH upgraded to Outperform from Peer Perform at Wolfe Research
- AMH downgraded to Neutral from Buy at Goldman Sachs
- AMH price target lowered to $40 from $41 at Evercore ISI
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