Vornado price target lowered to $43 from $48 at Mizuho

Mizuho lowered the firm’s price target on Vornado (VNO) to $43 from $48 and keeps an Outperform rating on the shares. Heading into the Q2 reports the firm remains neutral on office names. It sees a “high bar” given the share outperformance over the last three months. Risk premiums “now screen rich,” the analyst tells investors in a research note.