AvalonBay Communities (NYSE:AVB) Price Target Raised to $249.00

AvalonBay Communities (NYSE:AVB) had its target price lifted by stock analysts at Truist Securities from $228.00 to $249.00 in a report released on Monday, Stock Target Advisor reports. The firm currently has a “hold” rating on the real estate investment trust’s stock. Truist Securities’ price target would suggest a potential upside of 2.57% from the stock’s previous close.

Equities Analysts Boost Earnings Estimates for Sunstone Hotel Investors, Inc. (NYSE:SHO)

Sunstone Hotel Investors, Inc. (NYSE:SHO) – Analysts at Truist Securiti upped their Q4 2021 earnings per share estimates for Sunstone Hotel Investors in a report released on Friday, December 3rd. Truist Securiti analyst P. Scholes now anticipates that the real estate investment trust will post earnings of $0.12 per share for the quarter, up from their prior estimate of $0.09. Truist Securiti also issued estimates for Sunstone Hotel Investors’ Q2 2022 earnings at $0.27 EPS, Q4 2022 earnings at $0.22 EPS, FY2022 earnings at $0.84 EPS, Q1 2023 earnings at $0.18 EPS and Q2 2023 earnings at $0.36 EPS.

Brokerages Expect Cummins Inc. (NYSE:CMI) to Announce $3.14 EPS

Wall Street analysts predict that Cummins Inc. (NYSE:CMI) will post earnings per share of $3.14 for the current quarter, Zacks reports. Six analysts have made estimates for Cummins’ earnings. The highest EPS estimate is $3.62 and the lowest is $2.87. Cummins reported earnings per share of $3.36 in the same quarter last year, which indicates a negative year-over-year growth rate of 6.5%. The company is expected to issue its next earnings report on Thursday, February 3rd.

Allbirds Inc’s (NASDAQ:BIRD) Quiet Period Set To Expire on December 13th

Allbirds’ (NASDAQ:BIRD) quiet period is set to end on Monday, December 13th. Allbirds had issued 20,192,307 shares in its public offering on November 3rd. The total size of the offering was $302,884,605 based on an initial share price of $15.00. During the company’s quiet period, insiders and any underwriters that worked on the IPO are prevented from issuing any earnings forecasts or research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the end of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

Squarespace, Inc. (NYSE:SQSP) Receives Consensus Recommendation of “Buy” from Analysts

Shares of Squarespace, Inc. (NYSE:SQSP) have earned a consensus recommendation of “Buy” from the nineteen brokerages that are currently covering the firm, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and fifteen have given a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $61.60.

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