UPDATE: Goldman Sachs Raises Price Target on AvalonBay Communities on Increased Clarity

In a report published Tuesday, Goldman Sachs analyst Andrew Rosivach raised the price target on AvalonBay Communities AVB from $150 to $160, while maintaining its Buy rating.

 

In the report, Goldman Sachs stated, "After having recently attended AVB’s investors day,we update our estimates and price target on increased clarity on AVB’s development pipeline and company estimates.” 

 

AvalonBay Communities closed on Monday at $134.42.