Baird analyst David Rodgers raised the firm’s price target on SL Green Realty to $43 from $38 and keeps a Neutral rating on the shares. The analyst said while SLG‘s high pro-rata leverage has kept us more cautious on this stock versus peers, the thesis holds that if the company raises the $2.35 billion we expect in 2023, downside is limited and upside is likely.
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Read More on SLG:
- SL Green Signs Leases Totaling 343,000 Square Feet to Kick Off 2023
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