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NexPoint upgraded to Outperform from Market Perform at Raymond James

NexPoint upgraded to Outperform from Market Perform at Raymond James

Raymond James analyst Buck Horne upgraded NexPoint Residential (NXRT) to Outperform from Market Perform with a $50 price target The firm cites “resurgent” institutional demand for well-maintained workforce-housing assets in 2024 for the upgrade. A resilient economy has led to stronger than expected household formation and multifamily demand this year, helping partially offset the surge in new supply growth, the analyst tells investors in a research note.

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