Wells Fargo Downgrades Invitation Homes to Equal-Weight, Raises Price Target to $38
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst James Feldman has downgraded Invitation Homes (NYSE:INVH) from Overweight to Equal-Weight, while raising the price target from $37 to $38.
August 26, 2024 | 12:25 pm
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Wells Fargo has downgraded Invitation Homes from Overweight to Equal-Weight, indicating a more neutral stance on the stock. However, the price target has been slightly increased to $38.
The downgrade from Overweight to Equal-Weight suggests a less bullish outlook from Wells Fargo, which could neutralize any positive sentiment from the slight increase in the price target. This results in a neutral short-term impact on the stock price.
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IMPORTANCE 80
RELEVANCE 100