Jefferies upgraded American Homes 4 Rent to Buy from Hold with a price target of $41, up from $34. Single family is better positioned to grow than multifamily in 2024 as there are fewer supply concerns and the renter demographic is more durable, the analyst tells investors in a research note. The firm expects American Homes 4 Rent to demonstrate pricing power and maintain earnings growth above their multifamily peers.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on AMH: