BTIG analyst Thomas Catherwood lowered the firm’s price target on Veris Residential to $22 from $26 but keeps a Buy rating on the shares. The tone of the company’s latest letter regarding its Board’s rejections of revised acquisition offers from Kushner Companies appears to have softened, though he still sees no need for Veris to rush into a transaction as the opportunity to buy out its JV partner in March 2023 could further simplify the company’s structure, the analyst tells investors in a research note.
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