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Fly News Breaks for August 17, 2018
VNO
Aug 17, 2018 | 09:12 EDT
SunTrust analyst Michael Lewis raised his price target on Vornado to $85 and kept his Buy rating after its Q2 results showing "another quarter of strong rent spreads and same-store net operating income growth". The analyst adds that while the concerns among investors about retail fundametals are justifiable, he points to Vornado's 25% estimated net-asset-value discount, suggesting that the REIT is "among the more attractive investment opportunities in the sector".
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