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Fly News Breaks for February 26, 2019
INVH, AMH
Feb 26, 2019 | 06:19 EDT
Mizuho analyst Haendel St. Juste upgraded American Homes 4 Rent (AMH) to Buy with a $24 price target. Shares of American Homes offer "superior growth" versus peer Invitation Homes (INVH) and its Apartment REIT cousins, all at a better valuation and with fewer potential overhangs, St. Juste tells investors in a research note. He also believes the 2019 outlooks from American Homes and Invitation "provide incremental comfort and clarity" on key operating items, namely operating expense, that kept select investors on the sidelines since Fall 2018.
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