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Fly News Breaks for January 16, 2020
FB, VNO
Jan 16, 2020 | 07:15 EDT
SunTrust analyst Ki Bin Kim downgraded Vornado (VNO) to Hold from Buy with an unchanged $68 price target. The analyst warns that 2020 may bring more headwinds before redevelopment benefits become more evident in 2021 and believes that the Street has already reflected the optimism about the move by Facebook (FB) into the REIT's Farley Building.
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