Piper Sandler Upgrades AvalonBay Communities to Overweight, Lowers Price Target to $194
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Alexander Goldfarb has upgraded AvalonBay Communities (NYSE:AVB) from Neutral to Overweight, but lowered the price target from $197 to $194.
October 31, 2023 | 9:55 am
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AvalonBay Communities has been upgraded to Overweight from Neutral by Piper Sandler, although the price target has been lowered from $197 to $194.
The upgrade to Overweight indicates that Piper Sandler believes AVB will outperform the market, which could lead to a positive impact on the stock price. However, the lowering of the price target may temper this positive impact somewhat.
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