Scotiabank raised the firm’s price target on SL Green Realty (SLG) to $80 from $68 and keeps a Sector Perform rating on the shares. The recent $3.5B financing for Rockefeller Center in Midtown Manhattan is the largest commercial mortgage-backed security deal of the year in the U.S. and solidifies the value of premier New York City office assets, the analyst tells investors. The firm believes improvements to the NYC lending market will benefit SL Green Realty.
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Read More on SLG:
- SL Green Realty price target raised to $78 from $66 at Barclays
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