Scotiabank analyst Nicholas Yulico raised the firm’s price target on SL Green Realty to $43 from $40 and keeps an Underperform rating on the shares. The firm maintains a cautious view on the Office subsector given the uncertain financing/valuation environment, the analyst tells investors. Additionally, Scotiabank remains cautious on SL Green Realty because its current valuation premium does not reflect the higher-leverage balance sheet.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SLG:
- SL Green Realty price target raised to $47 from $41 at Morgan Stanley
- Vornado upgraded to Equal Weight from Underweight at Morgan Stanley
- Spotify initiated, Lowe’s downgraded: Wall Street’s top analyst calls
- SL Green Realty upgraded to Equal Weight at Barclays amid leasing momentum
- SL Green Realty assumed with Equal Weight from Underweight at Barclays