AvalonBay downgraded to Hold from Buy at Jefferies Jefferies downgraded AvalonBay citing the company's disappointing 2013 outlook. The firm says coastal market fundamentals are slowing faster than it anticipated and lowered its price target for shares to $135 from $155.
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AvalonBay signals could be indicator for Equity Residential, says BWS Financial BWS Financial noted that AvalonBay (AVB) and Equity Residential (EQR) overlap in markets and the firm believes AvalonBay's signs of growth could be a barometer for Equity Residentialís report, which is due next Tuesday. BWS remains positive on Equity Residential and maintains it $70 price target on the stock.