Compass Point raised the firm’s price target on SL Green Realty (SLG) to $75 from $65 and keeps a Neutral rating on the shares after the company held its annual investor day earlier this week and laid out its vision for the market and 2025 guidance. The firm came away from the day “incrementally more positive” on Manhattan office market demand, but still doesn’t expect traditional office mortgage debt providers to return to the market in 2025, the analyst tells investors.
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Read More on SLG:
- 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
- SL Green Realty inks lease with Travelers Insurance at 485 Lexington Avenue
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