Morgan Stanley Upgrades AvalonBay Communities to Overweight, Raises Price Target to $191.5
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Adam Kramer upgraded AvalonBay Communities (AVB) from Equal-Weight to Overweight and increased the price target from $175 to $191.5. This adjustment reflects a more optimistic outlook on AVB's stock.
February 26, 2024 | 10:32 am
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AvalonBay Communities was upgraded by Morgan Stanley from Equal-Weight to Overweight with a price target increase from $175 to $191.5.
The upgrade to Overweight by a major financial institution like Morgan Stanley, accompanied by a significant increase in the price target, generally signals a strong bullish outlook on the stock. This is likely to instill confidence in investors about AVB's future performance, potentially driving up its stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100