Morgan Stanley Upgrades Vornado Realty to Equal-Weight, Raises Price Target to $26
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Ronald Kamdem upgraded Vornado Realty (VNO) from Underweight to Equal-Weight and increased the price target from $24 to $26.
March 28, 2024 | 10:46 am
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Vornado Realty was upgraded by Morgan Stanley from Underweight to Equal-Weight, with a price target increase from $24 to $26.
The upgrade from Underweight to Equal-Weight by a major financial institution like Morgan Stanley suggests a more favorable outlook on Vornado Realty's stock. The increase in price target from $24 to $26 indicates an expectation of stock price appreciation, which could positively influence investor sentiment and potentially lead to a short-term increase in VNO's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100