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Fly News Breaks for March 25, 2019
AVB, CPT
Mar 25, 2019 | 09:03 EDT
BMO Capital analyst John Kim raised his price target on Camden Property (CPT) to $112 and kept his Outperform rating as part of his broader bullish research note on Apartment REITs, modeling positive impact from an improving rental growth environment and lower interest rates. The analyst is positive on the company's Sunbelt focus where rental rate increases are "leading the pack", adding that Outperform-rated AvalonBay (AVB) is also among his top picks and raising his price target on its shares to $215 from $205.