JP Morgan Upgrades AvalonBay Communities to Neutral, Lowers Price Target to $194
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Anthony Paolone has upgraded AvalonBay Communities (NYSE:AVB) from Underweight to Neutral, while also lowering the price target from $201 to $194.
November 29, 2023 | 9:59 am
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NEUTRAL IMPACT
AvalonBay Communities was upgraded by JP Morgan from Underweight to Neutral, but the price target was reduced from $201 to $194.
The upgrade to Neutral suggests a more favorable outlook on AVB by JP Morgan, which could be positive for investor sentiment. However, the reduction in the price target to $194 indicates a tempered expectation for the stock's performance, which could offset some of the positive impact of the upgrade. The neutral score reflects these counterbalancing factors.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100