Truist Securities Downgrades Vornado Realty to Hold, Raises Price Target to $27
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Michael Lewis has downgraded Vornado Realty (NYSE:VNO) from Buy to Hold, while raising the price target from $22 to $27.

September 15, 2023 | 10:33 am
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Vornado Realty has been downgraded from Buy to Hold by Truist Securities, but the price target has been raised from $22 to $27.
The downgrade from Buy to Hold suggests that Truist Securities sees less upside potential in VNO's stock, which could lead to some investors selling their shares. However, the increase in the price target from $22 to $27 indicates that Truist Securities still sees some potential for the stock's price to increase, which could attract some investors. The net effect on the stock's price in the short term is uncertain, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100