BofA analyst Jeffrey Spector lowered the firm’s price target on AvalonBay (AVB) to $236 from $240 and keeps a Buy rating on the shares. After updating models for Q1 results, the firm has adjusted estimates and price targets for a number of residential REITs.
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Read More on AVB:
- AvalonBay price target lowered to $255 from $265 at Piper Sandler
- AvalonBay’s Strategic Positioning and Robust Financial Performance Justify Buy Rating
- AvalonBay Communities Reports Strong Q1 2025 Results
- AvalonBay’s Optimistic Earnings Call Amid Market Challenges
- AvalonBay reports Q1 core FFO $2.83, consensus $2.80