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Fly News Breaks for April 12, 2016
VNO
Apr 12, 2016 | 06:38 EDT
Credit Suisse analysts led by Ian Weissman upgraded Vornado to Outperform and a $29 price target citing low leverage, excellent liquidity, strong New York City portfolio returns, and a fully funded near-term development program.
News For VNO From the Last 2 Days
VNO
Mar 26, 2024 | 20:26 EDT
Barclays analyst Brendan Lynch initiated coverage of Vornado with an Underweight rating and $22 price target. The analyst cites the company's concentrated exposure and slow pace of lease-up in the Penn district for the sell rating. The firm says Vornado's leasing volume has been slow and management has pushed back its time frame for stabilization of Penn 2 to 2026. It thinks there could be additional delays.