Invitation Homes price target lowered to $35 from $36 at Mizuho

Mizuho lowered the firm’s price target on Invitation Homes to $35 from $36 and keeps a Neutral rating on the shares. The firm says the stock has underperformed since September 24, when Hurricane Helene first emerged as a threat. Looking ahead, it expects hurricane-related concerns to be the focal point of investor attention and keep the stock range-bound pending clarity on the operating and financial disruption from the hurricanes. The analyst reminds investors of the real estate investment trust’s insurance, which should limit the impact to longer-term cash flow.