Piper Sandler lowered the firm’s price target on SL Green Realty (SLG) to $62 from $67 and keeps an Overweight rating on the shares. While SL’s business model is multi-faceted, the firm thinks the biggest focus at the December 5 annual investor day will be the conversion pace between the existing occupancy and leased rates, as the portfolio returns to pre-pandemic levels.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge-fund level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
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 $56 from $61 at BofA
- 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