SL Green Realty price target raised to $45 from $38 at Jefferies

Jefferies raised the firm’s price target on SL Green Realty to $45 from $38 and keeps a Hold rating on the shares. While the stock has rallied since mid-year 2023, driven by strong pricing on asset sales and execution on lowering leverage, recent optimism overlooks potential dilution on the long-term earnings trajectory from refinancing activity, the analyst tells investors in a research note.