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
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