BMO Capital Downgrades SL Green Realty to Market Perform, Raises Price Target to $35
Portfolio Pulse from richadhand@benzinga.com
BMO Capital analyst John Kim has downgraded SL Green Realty (NYSE:SLG) from Outperform to Market Perform, while raising the price target from $32 to $35.
August 17, 2023 | 9:50 am
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NEUTRAL IMPACT
SL Green Realty has been downgraded by BMO Capital, which could potentially impact investor sentiment. However, the raised price target may offset this.
The downgrade from Outperform to Market Perform suggests that BMO Capital sees less potential for SLG's stock to outperform the market. This could negatively impact investor sentiment and potentially the stock price. However, the raised price target from $32 to $35 indicates that BMO Capital still sees value in the stock, which could offset the negative impact of the downgrade.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100