Wells Fargo analyst Blaine Heck raised the firm’s price target on SL Green Realty to $40 from $31 and keeps an Equal Weight rating on the shares. The firm saw the investor day takeaways as balanced, as core 2024 guidance was below the Street, and the dividend was cut, but the leasing pipeline seems strong, pricing on 625 Madison was solid, and the company will establish a $1B opportunistic fund.
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