By: Benzinga
March 08, 2013 at 13:21 PM EST
Sandler O'Neill Cuts Vornado to Buy, Says Stock Undervalued Amid Potential Break-Up
In a recent note on Vornado (NYSE: VNO ), Sandler O'Neill analyst Alexander Goldfarb cited accelerated non-core sales and a potential split-up as catalysts for a $95.80 valuation. The analyst upgraded the stock from Hold to Buy and raised the price target from $86 to $96. Goldfarb thinks VNO should
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