BMO Capital upgraded Independence Realty Trust (IRT) to Market Perform from Underperform with a price target of $21, up from $19. The company’s results are better than those of Sunbelt peers and its markets are expected to improve in 2025, the analyst tells investors in a research note. The firm says its contrarian Underperform rating on the shares this year hasn’t worked.
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- Independence Realty Trust price target raised to $21 from $20 at RBC Capital
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