BofA analyst Joshua Dennerlein is moving Veris Residential (VRE) to No Rating as the firm believes the stock no longer trades on its fundamentals after the company issued an 8-K disclosing that it has received a take private offer for $19 per share.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on VRE:
- Morning Movers: Arcellx skyrockets following pact to be acquired
- Veris Residential Agrees to Go-Private All-Cash Acquisition
- Veris Residential Posts Strong 2025 Turnaround, Hikes Dividend
- Veris Residential reports Q4 core AFFO 19c, consensus 16c
- Veris Residential to be acquired by Affinius Capital-led consortium for $3.4B
