Scotiabank analyst Nicholas Yulico raised the firm’s price target on AvalonBay (AVB) to $251 from $241 and keeps a Sector Perform rating on the shares. The firm is adjusting its estimates on U.S. Real Estate & REITs in its coverage following Q1 results, the analyst tells investors. Quarterly results contained some negative surprises, but generally played out as expected, with most companies maintaining FY25 guidance, the firm notes. Real estate fundamentals tend to lag, so many are looking to see the potential impact of the slowing economy on H2 2025 results, the firm adds.
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Read More on AVB:
- AvalonBay price target raised to $240 from $227 at Barclays
- AvalonBay price target lowered to $236 from $240 at BofA
- AvalonBay price target lowered to $255 from $265 at Piper Sandler
- AvalonBay’s Strategic Positioning and Robust Financial Performance Justify Buy Rating
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