Vornado hit with Imperial Capital downgrade after nice run

|About: Vornado Realty Trust (VNO)|By:, SA News Editor

Imperial Capital's David Harris says further outperformance could be a challenge as he pulls his Buy rating.

Amid questions about whether Vornado (VNO) CEO Steven Roth has lost his touch amid big losses from his J.C. Penney and Toys "R" Us investments, Vornado is ahead about 25% from the lows it set last summer, and hit a 3-year high last week.

This was corrected on 02/26/2014 at 10:16 AM. Original item erroneously said that Citigroup had downgraded Vornado; the firm maintains a Buy rating.