SL Green Realty price target raised to $26 from $22 at Barclays

Barclays raised the firm’s price target on SL Green Realty to $26 from $22 and keeps an Underweight rating on the shares. The company announced it closed on the sale of a 49.9% interest in 245 Park Avenue at a gross valuation of $2B, consistent with the valuation at which SL purchased the building in September 2022, which is a “clear positive” given concerns about office property valuations, the analyst tells investors in a research note.