American Homes 4 Rent price target raised to $42 from $41 at RBC Capital

RBC Capital raised the firm’s price target on American Homes 4 Rent (AMH) to $42 from $41 and keeps an Outperform rating on the shares. The company’s Q2 earnings were something of a relief compared to those of Invitation Homes (INVH) with a guidance raise and leasing spreads that were stronger than expected for June/July, the analyst tells investors in a research note.