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.
Published first on TheFly
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Read More on SLG:
- SL Green Signs Leases Totaling 343,000 Square Feet to Kick Off 2023
- SL Green Realty reports Q4 FFO $1.46, consensus $1.66
- SL Green Realty Corp. Reports Fourth Quarter 2022 EPS of ($1.01) per Share; and FFO of $1.46 per Share
- SL Green Realty options imply 3.6% move in share price post-earnings
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