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Fly News Breaks for August 24, 2017
VNO
Aug 24, 2017 | 07:33 EDT
Argus analyst Jacob Kilstein upgraded Vornado to Buy with an $83 price target saying he expects results to benefit from the recent spinoff of the struggling Washington D.C. segment. The analyst adds, despite rising supply in New York, he believes demand remains solid and expects the company to raise rents in this market and notes shares have underperformed the S&P 500 by 5% over the last three months.
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