Wells Fargo Maintains Overweight on AvalonBay Communities, Lowers Price Target to $192
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst James Feldman has maintained an Overweight rating on AvalonBay Communities (NYSE:AVB) but lowered the price target from $201 to $192.
September 12, 2023 | 12:44 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
AvalonBay Communities' price target has been lowered by Wells Fargo from $201 to $192, though the Overweight rating is maintained.
The lowering of the price target by Wells Fargo indicates a potential decrease in the short-term value of AvalonBay Communities' stock. However, the maintained Overweight rating suggests that the stock is still expected to outperform.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100