Goldman Sachs Reinstates Neutral on AvalonBay Communities, Announces $191 Price Target
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Chandni Luthra reinstated AvalonBay Communities (AVB) with a Neutral rating and set a price target of $191.

February 22, 2024 | 11:32 am
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NEUTRAL IMPACT
Goldman Sachs reinstated AvalonBay Communities with a Neutral rating and a $191 price target.
The reinstatement of AvalonBay Communities by Goldman Sachs with a Neutral rating and a specific price target suggests a balanced view on the stock's future performance. This could indicate that Goldman Sachs sees the stock as fairly valued at its current level, with potential for growth to the $191 target. However, the Neutral rating also implies that there are no significant short-term catalysts expected to drastically change the stock's trajectory, hence the neutral impact score.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100