Wolfe Research upgraded Tricon to Outperform on ‘attractive’ growth potential

As previously reported, Wolfe Research analyst Keegan Carl upgraded Tricon Residential to Outperform from Peer Perform with a $9.25 price target. The analyst contends that the stock has reached a bottom from an ability to operate and an earnings standpoint. The firm further notes that the stock has attractive growth when looking towards 2024 and could also see incremental upside should the capital markets stabilize.