Vornado price target raised to $30 from $27 at Truist

Truist raised the firm’s price target on Vornado to $30 from $27 but keeps a Hold rating on the shares. The firm sees a lower net operating income run rate and forward projections following the company’s Q3 results, the analyst tells investors in a research note. Truist adds that Vornado’s further outperformance may require including increased visibility and progress on the company’s significant under-earning assets and longer-term potential developments.