Barclays analyst Brendan Lynch lowered the firm’s price target on SL Green Realty (SLG) to $43 from $54 and keeps an Equal Weight rating on the shares. The firm updated models in the office real estate investment trust group following the Q4 reports. The “AI disruption narrative” will continue to weigh on office valuations, the analyst tells investors in a research note.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SLG:
- SL Green Realty price target lowered to $38 from $47 at Mizuho
- SL Green Realty price target lowered to $37 from $42 at Goldman Sachs
- SL Green Realty price target lowered to $70 from $75 at BTIG
- SL Green Realty price target lowered to $44 from $47 at Truist
- SL Green Realty price target lowered to $55 from $70 at Citi