SL Green Realty price target lowered to $73 from $80 at BofA

BofA lowered the firm’s price target on SL Green Realty (SLG) to $73 from $80 and keeps a Neutral rating on the shares. While stating that SL Green delivered better-than-expected results in 2024 and “achieved several key objectives which keeps the company on offense in 2025,” the firm is lowering its 2025 AFFO estimate as a result of updating its model for Q4 results, including dispositions, along with the firm’s latest view on interest rates, concessions and occupancy.