Truist raised the firm’s price target on SL Green Realty (SLG) to $46 from $44 and keeps a Hold rating on the shares. The firm notes the company’s large Q1 FFO miss but also assumes a faster/larger narrowing of the gap between leased and economic occupancy, the analyst tells investors in a research note. Truist adds that its model assumes a lot of property dispositions, so timing and pricing could materially impact earnings results.
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