In a report released yesterday, Anthony Paolone from J.P. Morgan maintained a Hold rating on AvalonBay (AVB – Research Report), with a price target of $246.00. The company's shares closed last Friday at $200.95, close to its 52-week low of $195.51. According to TipRanks.com, Paolone is a 4-star analyst with an average return of 7.6% and a 61.0% success rate. Paolone covers the Financial sector, focusing on stocks such as Apartment Income REIT, Broadstone Net Lease, and LXP Industrial Trust. AvalonBay has an analyst consensus of Hold, with a price target consensus of $254.08, implying a 26.2% upside from current levels.
https://www.tipranks.com/news/blurbs/avalonbay-avb-receives-a-hold-from-j-p-morgan?utm_source=advfn.com&utm_medium=referral
Avalonbay Communities (NYSE:AVB)
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