UBS Raises Its Target Price For Vornado Realty Trust (VNO)
UBS increased its target price for Vornado Realty Trust (NYSE:VNO) to $97 from $96 and reiterated its buy rating on the company.
The increase was due to a nearly across the board bump for NY exposed REITs at the bank, which sees strong, broad-based demand for big blocks of office space in the NY office market.
VNO is the bank's favorite NY-exposed company.
Vornado Realty Trust has a potential upside of 3% based on a current price of $88 and an average consensus analyst price target of $90.6.
