As previously reported, Scotiabank analyst Nicholas Yulico upgraded SL Green Realty (SLG) to Outperform from Sector Perform with an unchanged price target of $71. The stock has been weak since Q2 results, but the firm expects New York City to remain one of the strongest U.S. office leasing markets and views the stock as “the best way to capitalize.” Fueled by occupancy gains and declining leasing capex from this year’s heightened level, SL Green offers a “compelling AFFOPS growth story” in 2026-2027, the analyst tells investors.
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