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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