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Fly News Breaks for March 8, 2017
AVB
Mar 8, 2017 | 06:51 EDT
BofA/Merrill analyst Juan Sanabria upgraded AvalonBay with a Buy and a $202 from $183saying its diversified portfolio is well positioned relative to peers with its concentrated Class A, and urban core supply. Sanabria expects AvalonBay to report Q1 SS revenue of +3.1-3.2%, 25bps above the company's expectations when it provided 2017 guidance and expects supply to moderate in 2018.
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