AvalonBay Communities (AVB) Stock: $265 Price Target From Wells Fargo

By Amit Chowdhry ● Nov 25, 2021
  • The shares of AvalonBay Communities Inc (NYSE: AVB) recently received a price target of $265 from Wells Fargo. These are the details.

The shares of AvalonBay Communities Inc (NYSE: AVB) recently received a price target of $265 from Wells Fargo. And Wells Fargo analyst Tamara Fique raised the price target from $242 while maintaining an “Overweight” rating on the company shares.

Fique noted that after a strong third quarter for the multifamily sector, the company is adjusting its 2021 and 2022 Funds from Operations (FFO) per share estimates and rolling out 2023 estimates. And Fique also added that AvalonBay is positioned well for growth.

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