Mizuho Maintains Neutral on AvalonBay Communities, Raises Price Target to $188
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Vikram Malhotra has maintained a Neutral rating on AvalonBay Communities (NYSE:AVB) and increased the price target from $176 to $188.
January 10, 2024 | 3:49 pm
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Mizuho has maintained a Neutral rating on AvalonBay Communities but raised the price target from $176 to $188, indicating a positive outlook on the stock's value.
The increase in price target by Mizuho suggests a positive reassessment of AvalonBay Communities' stock value, which could lead to increased investor confidence and a potential short-term rise in the stock price. However, since the rating remains Neutral, the impact may be moderate rather than strong.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100