Vornado price target lowered to $42 from $43 at Evercore ISI

Evercore ISI lowered the firm’s price target on Vornado (VNO) to $42 from $43 and keeps an Outperform rating on the shares. More insights than expected emerged at the NAREIT conference, including notable positive shifts in the REIT landscape, says the analyst in a noted on the group. The NAREIT conference revealed a more optimistic outlook for office and industrial sectors, while challenges remain in residential and storage segments, the analyst added.