Morgan Stanley lowered the firm’s price target on SL Green Realty (SLG) to $52 from $55 and keeps an Equal Weight rating on the shares. AlphaWise job opening data across the REIT market suggests job openings are notably slowing, which is a headwind for office demand and office REIT multiples, the analyst tells investors.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SLG:
- SLG Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- SL Green Realty Appoints Peggy Lamb as Independent Director
- SL Green Realty initiated with a Hold at Jefferies
- SL Green Realty upgraded to Outperform from In Line at Evercore ISI
- SL Green Realty price target raised to $55 from $52 at Morgan Stanley
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue