Citigroup Downgrades Invitation Homes to Neutral, Announces $39 Price Target
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Nicholas Joseph downgraded Invitation Homes (NYSE:INVH) from Buy to Neutral and set a $39 price target for the company.
March 22, 2024 | 9:20 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Citigroup downgraded Invitation Homes from Buy to Neutral and established a $39 price target.
Analyst downgrades typically lead to a negative short-term reaction in the stock market as they suggest a less optimistic outlook on the company's future performance. The downgrade from Buy to Neutral by a major financial institution like Citigroup indicates a shift in expectation towards more moderate growth or performance, potentially leading to a decrease in investor confidence and a short-term drop in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100