JP Morgan Maintains Underweight on AvalonBay Communities, Raises Price Target to $201
Portfolio Pulse from richadhand@benzinga.com
JP Morgan analyst Anthony Paolone maintains an Underweight rating on AvalonBay Communities (NYSE:AVB) and raises the price target from $188 to $201.
August 21, 2023 | 2:32 pm
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JP Morgan maintains an Underweight rating on AvalonBay Communities and raises the price target from $188 to $201.
While the price target for AvalonBay Communities has been raised, the Underweight rating maintained by JP Morgan suggests that the firm believes the stock may underperform compared to other stocks in the same sector. This could potentially limit any positive impact of the increased price target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100