Compass Point raised the firm’s price target on Vornado (VNO) to $44 from $40 and keeps a Neutral rating on the shares after the company reported a headline and core FFO beat in Q4. Despite better than expected results, the firm is “marginally” reducing its 2025 core FFO outlook to reflect higher interest expense and lower operating margins as PENN 2 comes online, the analyst tells investors.
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