SL Green Realty price target raised to $37 from $31 at Citi

Citi raised the firm’s price target on SL Green Realty to $37 from $31 and keeps a Sell rating on the shares. The analyst updated the company’s model post the Q1 report. The firm maintains a conservative stance across the office sector given the proliferation of hybrid and remote work and its impact on office operating fundamentals. Additionally, refinancing risks remain a focus given lower availability of debt financing for office real estate, the analyst tells investors in a research note.