Evercore ISI Adjusts PT on Invitation Homes to $33 From $34, Maintains Outperform Rating

Invitation Homes Inc. (INVH) filed an SEC Form 8-K — Results of Operations and Financial Condition. Table of Contents Earnings Press Release 3 Consolidated Financial Statements 9 Schedule 1: Reconciliation of FFO, Core FFO, and AFFO 11 Schedule 2: Capital Structure Information 12 Schedule 3: Same Store Portfolio Core Operating Detail 16 Schedule 4: Home Characteristics by Marke

Raymond James upgraded Invitation Homes (INVH) to Outperform from Market Perform on May 18, setting a $32 price target, citing improving single-family rental leasing demand and a House version of the 21st Century ROAD to Housing Act viewed as more favorable. BofA raised its INVH target to $35 from $34 and kept Neutral. INVH reported Q1 FFO of 48c/share and revenue of $734M; same-store NOI fell 0.3% and occupancy dropped to 96.3%.

Piper Sandler reduced its price target for Colgate-Palmolive (CL) to $95 from $98, citing cost pressures from elevated oil prices and inventory headwinds. The firm maintained an Overweight rating and a 2026 EPS estimate of $3.85, but lowered its 2027 EPS estimate to $4.12 from $4.23. CL trades at $87.47 with a P/E ratio of 34.6 and a gross profit margin of 60%. Other analysts have maintained positive outlooks, with RBC and UBS setting higher price targets.

KeyBanc raised its price target for Dycom Industries (NYSE:DY) to $429 from $423, citing growth outlook and meetings with management. The stock is down 48% from its 52-week high but is considered undervalued. Other analysts have mixed views, with UBS reiterating a Buy rating and Raymond James lowering its target. Dycom reported 38% revenue growth over the last year.

Nscale revealed that 85% of its $103B contracts are with Microsoft (MSFT) and Anthropic, including $43.8B with MSFT and $44.6B with Anthropic. The company acknowledged concentration risk and reported a net loss of $1.02B on $140.6M sales for H1. Nvidia (NVDA) is a major shareholder and supplier. Nscale aims for a $35B valuation in its upcoming IPO.

Strategy bought 950 BTC for $75.7M at $79,670 each, increasing its holdings to 846,000 BTC. The purchases were funded by the company's USD Cash reserve. Strategy's total BTC holdings are worth around $71.9B, bought at an average price of $75,416 each. The company also repurchased 1.77M STRC preferred shares for $174M. As of Sept. 20, its USD Reserve and USD Cash balances were $5.04B and $1.05B, respectively.