AvalonBay price target raised to $205 from $193 at KeyBanc

KeyBanc analyst Austin Wurschmidt raised the firm’s price target on AvalonBay to $205 from $193 and keeps an Overweight rating on the shares. The firm is positive on AvalonBay into Q2 earnings, and sees potential for further upside from better-than- expected operating fundamentals since the company’s last update in early June, the analyst tells investors in a research note.