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Vornado price target lowered to $40 from $45 at Scotiabank

Scotiabank lowered the firm’s price target on Vornado (VNO) to $40 from $45 and keeps a Sector Perform rating on the shares. The firm is updating its price targets on stocks in the U.S. Real Estate & REITs sector under its coverage following Q2 results, the analyst tells investors.

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