SL Green Realty price target lowered to $72 from $90 at Piper Sandler

Piper Sandler analyst Alexander Goldfarb lowered the firm’s price target on SL Green Realty (SLG) to $72 from $90 and keeps an Overweight rating on the shares. In times of uncertainty, the firm believes SL Green Realty should be rewarded given its successful track record of making money whether leasing or investing in core NYC assets via debt, equity, or preferreds.