Piper Sandler raised the firm’s price target on Vornado (VNO) to $44 from $30 and keeps a Neutral rating on the shares. The firm is maintaining its 2024 FFO of $2.23, increasing its 2025 by 1c to $1.99, and raising its 2026 by 5c to $2.18. Piper’s revised estimates incorporate continued leasing momentum via improving occupancy and rent growth.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio