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Fly News Breaks for March 15, 2018
Mar 15, 2018 | 06:49 EDT
BTIG analyst James Sullivan lowered his price target on AvalonBay to $189, saying that while the REIT's same-store NOI growth is expected to increase, development is its key driver of "value creation". Sullivan keeps his Buy rating on AvalonBay, adding that supply growth in the company's core markets should start to taper later this year, leading to higher same-store revenues.
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