Morgan Stanley raised the firm’s price target on SL Green Realty to $41 from $21 and keeps an Equal Weight rating on the shares. While 23% rally since October was driven by higher levered REITs, Morgan Stanley sees another leg higher with rate-sensitive sectors leading, the analyst tells investors in a research note. The firm views the office REIT rally as on its last leg, and sees potential benefits to storage REITs if home sales rise.
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Read More on SLG:
- SL Green Realty price target raised to $35 from $26 at Barclays
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- SL Green Realty price target raised to $44 from $34 at BMO Capital
- SL Green Realty price target raised to $47 from $41 at Piper Sandler
