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Scotiabank Lowers AvalonBay Communities (NYSE:AVB) Price Target to $190.00
Scotiabank has reduced its price target for AvalonBay Communities (NYSE:AVB) from $193.00 to $190.00, maintaining a “sector perform” rating. This new target suggests a potential upside of 7.55% from the previous closing price. The real estate investment trust recently surpassed quarterly earnings estimates with an EPS of $2.85 and revenue of $767.9 million.