Royal Bank of Canada has reduced its price target for AvalonBay Communities (NYSE:AVB) from $191 to $187, while maintaining a “sector perform” rating. This adjustment comes after AvalonBay reported slightly better-than-expected EPS but missed revenue estimates for the recent quarter, and provided future guidance. The consensus among analysts remains a “Hold” with an average target price of $202.83.
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Royal Bank Of Canada Has Lowered Expectations for AvalonBay Communities (NYSE:AVB) Stock Price
Royal Bank of Canada has reduced its price target for AvalonBay Communities (NYSE:AVB) from $191 to $187, while maintaining a “sector perform” rating. This adjustment comes after AvalonBay reported slightly better-than-expected EPS but missed revenue estimates for the recent quarter, and provided future guidance. The consensus among analysts remains a “Hold” with an average target price of $202.83.