Evercore ISI lowered the firm’s price target on SL Green Realty (SLG) to $72 from $76 and keeps an Outperform rating on the shares. Leasing activity is “looking solid for Q3,” especially from New York REITs, but questions linger about its sufficiency given other challenges, the analyst tells investors in a preview for the office REIT group.
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Read More on SLG:
- SL Green Realty completes $1.4B refinancing of 11 Madison Avenue
- SL Green Realty completes two transactions at 1552-1560 Broadway
- Rithm Capital near deal to acquire Paramount Group, WSJ reports
- SL Green Realty price target raised to $76 from $73 at Evercore ISI
- SL Green Realty’s Strong Performance and Growth Potential Justifies Buy Rating