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Fly News Breaks for May 16, 2019
AVB
May 16, 2019 | 08:38 EDT
Baird analyst Drew Babin upgraded AvalonBay to Outperform from Neutral and raised his price target to $215 from $198, citing "opportune" exposure to improving East Coast markets including Boston, NYC and Northern VA, as well as an AFFO multiple that fails to adequately reflect the REIT's earnings growth trajectory or sector-leading balance sheet.
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