Truist raised the firm’s price target on SL Green Realty to $44 from $42 and keeps a Buy rating on the shares. The sale of 625 Madison Avenue continued to illustrate the company’s ability to close transactions and realize good value for its assets, the analyst tells investors in a research note. Capital markets have posed just as much risk to office REITs as fundamentals post-COVID, so transactions like this one are meaningful signals of value and liquidity, the firm added.
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