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Fly News Breaks for February 21, 2019
AVB
Feb 21, 2019 | 07:09 EDT
Citi analyst Michael Bilerman downgraded AvalonBay Communities to Neutral from Buy while raising his price target for the shares to $205 from $190. While the analyst remains positive on AvalonBay on a relative basis, he say the downgrade reflects identified catalysts playing out and a "more fair" valuation.
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