Evercore ISI lowered the firm’s price target on Invitation Homes (INVH) to $33 from $34 and keeps an Outperform rating on the shares. Mixed results from single-family rental companies have led to some adjustments in forecasts, reflecting a cautious outlook due to softer demand trends, the analyst tells investors in a research note. The firm added that October trends have prompted a more conservative stance on occupancy and blended rate growth for the coming quarters.
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