Jefferies Downgrades AvalonBay Communities (AVB) to Hold

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Jefferies Downgrades Equity Residential (EQR) to Hold

February 5, 2013 6:44 AM EST

Jefferies downgraded Equity Residential (NYSE: EQR) from Buy to Hold with a price target of $58.00 (from $64.00) on a negative read through from Avalonbay Communities (NYSE: AVB) results .

The firm comments, "We still believe that the ongoing... More