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Wolfe Research upgraded Apartment Investment and Management (AIV) from Peer Perform to Outperform, with an average one-year price target of $11.73/share, representing a 122.58% increase from its latest closing price. The projected annual revenue is 224MM, an increase of 5.55%, and the projected annual non-GAAP EPS is -0.42. The put/call ratio of AIV is 1.88, indicating a bearish outlook.

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