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Fly News Breaks for February 14, 2019
AVB
Feb 14, 2019 | 09:26 EDT
SunTrust analyst Michael Lewis raised his price target on AvalonBay to $208 and kept his Buy rating after its Q4 results, adjust his model for the wider 9% net asset value discount on the shares relative to their 4% 5-year historical average. The analyst is also positive on the REIT's $3.7B active development pipeline that is expected to be fully delivered by the end of 2020.
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