Risks to AVB achieving our target price: If private market cap rates expand more than we anticipate, the stock could underperform our target price. If there are increased job losses and the economic outlook continues to deteriorate, the stock could underperform our target price. If private market cap rates compress more than we anticipate, the stock could outperform our target price. If the economic outlook improves more than expected and there is increased job growth, the stock could outperform our target price.
|