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Fly News Breaks for May 22, 2019
VNO
May 22, 2019 | 08:36 EDT
SunTrust analyst Michael Lewis lowered his price target on Vornado to $74 after its Q1 FFO miss, also noting the reduced visibility for the REIT's expected special dividend payout and expectations of the Penn Plaza space being temporarily out of service in early 2020. The analyst keeps his Buy rating on the shares longer term given the company's discounted valuation and "strong potential growth."
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