BMO Capital raised the firm’s price target on SL Green Realty to $44 from $34 and keeps a Market Perform rating on the shares. The company had established ambitious goals and this was evidenced at its 2023 Investor Conference, in which it announced a sale of 625 Madison at a surprisingly attractive price, the analyst tells investors in a research note. SL Green has also maintained a healthy leasing pipeline, attempted to divert attention from its riskier assets, and set targets to become a global entertainment provider, the firm adds.
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