Morgan Stanley Maintains Underweight on Vornado Realty, Lowers Price Target to $12
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Ronald Josey maintains an Underweight rating on Vornado Realty (NYSE:VNO) and lowers the price target from $13 to $12.
May 30, 2023 | 12:53 pm
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Morgan Stanley maintains an Underweight rating on Vornado Realty and lowers the price target from $13 to $12.
Morgan Stanley's lowered price target for Vornado Realty indicates a bearish outlook on the stock. The Underweight rating suggests that the analyst believes VNO will underperform compared to other stocks in the sector. This news is likely to have a negative impact on VNO's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100