Evercore ISI lowered the firm’s price target on SL Green Realty (SLG) to $77 from $80 and keeps an In Line rating on the shares after the company hosted its annual investor day on Monday. After adjusting its model based on several pieces of data from the investor day, the firm notes its FY25 FFO estimate rises to $5.52 from $5.16, which is toward the high end of the range, but an increase in leasing capital near term pushed down its EVR-AFFO estimate to $2.30 from $3.20, driving its lower price target
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SLG:
- SL Green Realty price target raised to $75 from $65 at Compass Point
- SL Green Realty price target raised to $81 from $80 at Scotiabank
- SL Green Realty upgraded to Neutral from Underweight at JPMorgan
- SL Green Realty Announces Dividend Increase and Returns
- SL Green Realty announces transactions at 100 Park Avenue