Citi analyst Nicholas Joseph downgraded SL Green Realty to Sell from Neutral with a price target of $30, down from $35. The analyst cites continued negative sentiment within the office sector, elevated near term debt maturities that could weigh on growth, and the potential for an additional dividend reduction should the company’s 2023 business goals not be met for the downgrade.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on SLG:
- SL Green Celebrates the Topping Out of One Madison Avenue in Midtown South
- SL Green Realty price target lowered to $47 from $88 at Barclays
- Scotiabank downgrades SL Green with balance sheet looking ‘stressed’
- SL Green Realty downgraded to Market Perform from Outperform at BMO Capital
- SL Green Realty downgraded to Underperform from Sector Perform at Scotiabank