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Fly News Breaks for August 30, 2017
VNO
Aug 30, 2017 | 07:01 EDT
As previously reported, Stifel analyst John Guinee downgraded Vornado to Hold from Buy, stating that the company's development pipeline "sounds intriguing" but is comprised entirely of 2019 and later deliveries, leaving Vornado lacking near-term catalysts. He cut his price target on the stock to $77 from $86.
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