Tricon Residential price target raised to $10 from $9 at Mizuho

Mizuho analyst Haendel St. Juste raised the firm’s price target on Tricon Residential to $10 from $9 and keeps a Buy rating on the shares. The analyst believes the ingle-family rental sector is set up well into the first half of 2024, saying it should continue to benefit from clear fundamental tailwinds and demand drivers that will support far better core growth than apartments and better earnings growth than the real estate investment trust sector average in 2024.