Calls of Note Part 3

- Goldman Sachs has added Vornado Realty (NYSE:VNO), a large-cap diversified REIT (office, retail and other) and an S&P 500 constituent, to the US Conviction List as they believe the company is best positioned amongst the 38 stocks in firm's coverage universe to generate solid outperformance. Firm's $125 target price combined with the stock's current 2.9% yield indicates a 10+% total return potential. In line with GS "blue-chip" REIT call, Vornado combines high quality assets (NYC and Washington D.C.), a premier management team, and superior operating performance. These factors, the stock's reasonable valuation (NAV focus), and solid '07 growth all support firm's call.

Notablecalls: The chart is telling me it wants to move further up. My gut is telling me this REIT provides a fading oppy.