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Posted on: Aug. 25, 2015, 6 p.m.
Economic uncertainty has led several investment banks to downgrade their forecasts on real estate investment trusts. But not Credit Suisse, which last week upgraded Vornado Realty Trust and offered a decidedly sunny short-term outlook on the overall REIT sector. The Swiss investment bank upgraded Vornado to a “neutral” rating from the previous designation of “underperform,” noting that “both [New York City] office and retail fundamentals are healthy (and improving), while there is a continued strong ... [more] Full investment news article