Veris Residential (VRE) PT Lowered to $17.50 at Evercore ISI

Evercore ISI analyst Steve Sakwa lowered the price target on Veris Residential (NYSE: VRE) to $17.50 (from $18.00) while maintaining a In Line rating.

The analyst comments "Our PT slips from $18 to $17.50 which is a blend between our “going concern” value of $15 a share and a monetization event which we still assume at around $20 and our probability weight is still 50/50 at this point although the more challenging capital markets environment likely pushes off an event into 2026. Maintain In Line rating until we get more clarity around monetization opportunities."

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