SL Green Realty price target lowered to $36 from $43 at Morgan Stanley

Morgan Stanley analyst Ronald Kamdem lowered the firm’s price target on SL Green Realty (SLG) to $36 from $43 and keeps an Equal Weight rating on the shares. Office REITs are the worst performing REIT subsector year-to-date, notes the analyst, who reduce targets across the group while also refreshing the firm’s analysis of job opening data across REIT markets.