BofA lowered the firm’s price target on SL Green Realty (SLG) to $56 from $61 and keeps a Neutral rating on the shares. While stock performance did not reflect it, Q3 earnings season was “strong” for U.S. REITs as 69% of REITs beat the Street, the analyst tells investors in a note on the group.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
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 $67 from $72 at Piper Sandler
- SL Green Realty price target lowered to $59 from $60 at Barclays
- SL Green Realty Amends Partnership for Preferred Units
- SL Green Realty price target lowered to $66 from $71 at Scotiabank
- SL Green Realty price target lowered to $54 from $58 at Truist