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Alexander’s price target lowered to $125 from $135 at Piper Sandler

Piper Sandler lowered the firm’s price target on Alexander’s to $125 from $135 and keeps an Underweight rating on the shares following quarterly results. The firm expected a bigger drop in NOI given Q4 2023 and Q1 2024 aggregate wind down of IKEA, complete with a termination fee.

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