Scotiabank raises Vornado, cuts Mid-America Apartment

|About: Mid-America Apartment Commu... (MAA)|By:, SA News Editor

Scotiabank analyst Nicholas Yulico raises Vornado Realty Trust (VNO +0.8%) to sector perform from sector underperform and cuts Mid-America Apartment Communities (MAA +0.2%) to sector underperform from sector perform.

Trims price target for Vornado to  $68 from $69 and raises Mid-America's price target to $114 from $107.

Sell-side average rating for Vornado is Outperform (5 Buy, 2 Outperform, 6 Hold, 1 Underperform); Mid-America's sell-side average rating is Outperform (6 Buy, 3 Outperform, 8 Hold, 1 Underperform).

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