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Fly News Breaks for July 26, 2016
AVB
Jul 26, 2016 | 09:19 EDT
BB&T analyst David Toti believes that AvalonBay reported "solid" Q2 results, and he believes that the "company's markets appear to be holding up well." However, he says that it continues to face a number of overhangs, including the likely contracting NPV of its development pipeline and investors' aversion to multi REITs. The analyst keeps an Underweight rating o nthe shares.
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