KeyBanc downgraded AvalonBay to Sector Weight from Overweight without a price target. The company’s markets should continue to experience above average lease rate growth in the coming quarters, but this could be partially offset by above average expense growth, the analyst tells investors in a research note. Moreover, the firm views the more favorable fundamental backdrop as priced into AvalonBay shares on a relative basis.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on AVB:
- AvalonBay price target raised to $182 from $176 at Jefferies
- AvalonBay downgraded to Peer Perform from Outperform at Wolfe Research
- AvalonBay price target lowered by $10 at Mizuho, here’s why
- AvalonBay price target raised to $188 from $183 at Evercore ISI
- Airbnb downgraded, Moderna initiated: Wall Street’s top analyst calls