Truist analyst Michael Lewis raised the firm’s price target on SL Green Realty (SLG) to $62 from $61 and keeps a Hold rating on the shares. The company’s Q4 results were ahead of the management’s guidance and slightly better than modeled, though the firm believes that the stock is roughly fairly valued given challenging office fundamentals as SL Green Realty rebuilds occupancy and potential interest rate sensitivity, the analyst tells investors in a research note.
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