Truist Securities Maintains Buy on AvalonBay Communities, Lowers Price Target to $202
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Michael Lewis has maintained a Buy rating on AvalonBay Communities (NYSE:AVB) but has reduced the price target from $214 to $202.
November 27, 2023 | 4:50 pm
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NEUTRAL IMPACT
Truist Securities has maintained a Buy rating on AvalonBay Communities but lowered the price target from $214 to $202.
While the Buy rating indicates a positive outlook on the stock, the reduction in price target could signal a tempered expectation of future price performance. This mixed signal may lead to a neutral short-term impact on the stock price as investors digest both the endorsement and the lowered expectations.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100