SL Green Realty price target raised to $75 from $58 at Piper Sandler

Piper Sandler raised the firm’s price target on SL Green Realty to $75 from $58 and keeps an Overweight rating on the shares. The firm says the strength of Park Avenue is undeniable, which plays to SL’s Midtown focus as adjacent avenues benefit from spillover, providing more upside potential to the stock. While still six months away from the annual investor day, management is looking good for exceeding several of its 2024 goals, Piper adds.