Wells Fargo Maintains Overweight on AvalonBay Communities, Raises Price Target to $244
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst James Feldman has maintained an Overweight rating on AvalonBay Communities and increased the price target from $222 to $244.
August 26, 2024 | 12:46 pm
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Wells Fargo has reaffirmed its Overweight rating on AvalonBay Communities and increased the price target to $244, indicating a positive outlook.
The increase in price target from $222 to $244 by Wells Fargo suggests a positive outlook for AvalonBay Communities. The Overweight rating indicates that the analyst expects the stock to outperform the market. This is likely to have a positive short-term impact on AVB's stock price.
CONFIDENCE 90
IMPORTANCE 80
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