Piper Sandler raised the firm’s price target on SL Green Realty to $58 from $56 and keeps an Overweight rating on the shares. SL Green has turned the tables on the negative New York office narrative by using the leverage of non-recourse debt to address its balance sheet, and its position continues to strengthen, especially as it raises more joint venture capital, the analyst tells investors in a research note.
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Read More on SLG:
- SL Green Realty Corp. Clarifies Regulation FD Disclosure Status
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- SL Green Realty options imply 3.7% move in share price post-earnings
- Is SLG a Buy, Before Earnings?
