Mizuho analyst Haendel St. Juste upgraded Aimco to Buy from Neutral and raised his price target for the shares to $55 from $50. The company trades at a "two-turn multiple discount" to peers based on estimates 2020 funds from operations as well as a 10% discount to consensus net asset value versus peers' 2% premium, St. Juste tells investors in a research note. The sale of Aimco's tax credit assets and asset management business in 2018, portfolio culling over the past five years, and the lower risk nature of its debt suggest the valuation discount is overdone, contends the analyst.