The Globe and Mail reports in its Wednesday, Dec. 6, edition that RBC Capital Markets equity strategy boss Lori Calvasina thinks U.S. small-cap stocks are oversold and that "now is a good time to add exposure looking into 2024." The Globe's David Leeder writes in the Eye On Equities column that RBC updated its "U.S. Small Cap Growth Idea List," adding four stocks, including Tricon Residential. RBC analyst Brad Heffern rates Tricon Residential "outperform," with a $9.50 (U.S.) share target. Analysts on average target the shares at $9.70. Mr. Heffern says in a note: "We have a favorable view of the single-family rental sector given available rent growth that will likely be above the multi-family average and a significant opportunity for greater scale. Tricon's strategy of targeting relatively lower-rent homes, mainly in the U.S. Southeast, has generated higher rent growth and lower turnover than peers over time. The significant amount of joint venture capital at Trican's disposal should also enable the company to grow its portfolio more quickly than peers. ... Leverage is elevated, but we think higher leverage is acceptable in the single family rental space."