NYC's Empire State Building Is Feeling The Squeeze From Remote Work, Tourism Weakness: Growth Score Drops
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Empire State Realty Trust Inc. (ESRT), which owns the Empire State Building, is facing challenges due to remote work and weak tourism. The company's Growth score in Benzinga’s Edge Stock Rankings has dropped significantly, reflecting a decline in earnings and stock price. Analysts have lowered price targets, and the stock is down 35.99% year-to-date. The company has missed top-line estimates and continues to struggle with unfavorable price trends.
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