Barclays initiated coverage of Invitation Homes (INVH)with an Overweight rating and $38 price target The firm currently prefers Invitation Homes over AMH (AMH) for two key reasons, namely that the two major overhangs on the stock are essentially in the rearview mirror, and that it does not seem like a huge hurdle for Invitation Homes to earn back at least a portion of the relative multiple gap between it and AMH. If, by contrast, investors continue to apply a “management discount” to Invitation because of the litigation uncertainty over the past 2+ years, then the firm will be proven wrong here, the analyst tells investors in a research note.
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Read More on INVH:
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