Mizuho analyst Vikram Malhotra lowered the firm’s price target on Vornado (VNO) to $40 from $43 and keeps an Outperform rating on the shares. The firm adjusted targets in the office real estate investment trust group as part of its 2026 outlook. Mizuho sees the office sector as s fairly valued, especially on a risk-premium basis, and given limited earnings growth, it remain neutral the REIT sub-sector.
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