Mizuho analyst Vikram Malhotra lowered the firm’s price target on SL Green Realty to $38 from $48 and keeps a Neutral rating on the shares. Office real estate investment trusts could see a bear market rally in 2023, "and we would play it through the East Coast," Malhotra tells investors in a research note. After the sub-sector declined 35% in 2022, the analyst now sees a more balanced risk/reward for the space.
Published first on TheFly
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