JPMorgan upgraded Invitation Homes (INVH) to Overweight from Neutral with an unchanged price target of $38. The firm views Invitation’s valuation as “washed out.” The stock has lagged peers and is now “heavily discounted” relative to both its underlying fundamentals and real estate value, the analyst tells investors in a research note.
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>>
Read More on INVH: