Truist Securities Maintains Hold on AvalonBay Communities, Lowers Price Target to $201
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Michael Lewis has maintained a Hold rating on AvalonBay Communities (AVB) and reduced the price target from $203 to $201.
March 14, 2024 | 1:19 pm
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NEUTRAL IMPACT
Truist Securities maintains a Hold rating on AvalonBay Communities and lowers the price target from $203 to $201.
The adjustment in price target by Truist Securities from $203 to $201, while maintaining a Hold rating, suggests a neutral outlook on the stock's short-term price movement. The slight reduction in target price indicates minor adjustments in valuation assumptions but does not significantly alter the investment thesis. Therefore, the impact on the stock price is likely to be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 90