Morgan Stanley analyst Ronald Kamdem lowered the firm’s price target on SL Green Realty to $21 from $35 and keeps an Equal Weight rating on the shares. The firm is reducing its Office REIT price targets by moving multiples lower closer to Great Financial Crisis levels, given elevated leverage, tightening lending condition and potential occupancy pressure in the next 12-18 months.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on SLG:
- SL Green Realty Corp. to Release First Quarter 2023 Financial Results After Market Close on April 19, 2023
- SL Green signs full floor lease with Palo Alto Networks at One Madison Avenue
- SL Green Signs Full Floor Lease with Palo Alto Networks at One Madison Avenue
- SL Green Realty price target lowered to $17 from $35 at Citi
- SL Green Realty price target lowered to $33 from $38 at Evercore ISI