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Fly News Breaks for April 19, 2017
AVB
Apr 19, 2017 | 09:07 EDT
As noted earlier, JMP Securities downgraded AvalonBay to Market Perform from Outperform. Analyst Aaron Hecht downgraded the stock based on "valuation and asset level performance/risk." .He adds that the residential REIT space lacks catalysts due to "mixed" macro data and reduced potential for legislation that could boost the economy.
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