Truist Upgrades AvalonBay Communities (AVB) Stock to Buy from Hold
AvalonBay Communities, Inc. (NYSE:AVB) is one of the Best Housing Stocks to Buy According to Hedge Funds. On September 11, Truist upgraded the company’s stock to “Buy” from “Hold” with a price objective of 224, as reported by The Fly. As per the firm’s analyst, the shares are undervalued, as they are currently trading at a historically low funds from operations multiple. Furthermore, the analyst believes that AvalonBay Communities, Inc. (NYSE:AVB) will see healthy earni ...