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Fly News Breaks for September 19, 2017
VNO
Sep 19, 2017 | 08:26 EDT
Sandler ONeill analyst Alexander Goldfarb noted that Vornado has already written its one-third stake in Toys 'R Us down to zero and has no financial obligations to the toy retailer, which means Toys' bankruptcy filing has no impact. The analyst, who separately trimmed his 2017 and 2018 FFO estimates for Vornado by 3c and 1c, respectively, keeps a Buy rating and $90 price target on the stock.
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