Truist Securities Maintains Buy Rating for SL Green Realty: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Truist Securities has maintained its Buy rating for SL Green Realty (NYSE:SLG) but lowered its price target from $47.00 to $42.00. SL Green Realty's shares are currently trading at $30.95, down 0.03% over the last 24 hours. A move to $42.00 would represent a 35.7% increase from the current share price.
October 24, 2023 | 5:00 pm
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Truist Securities has maintained its Buy rating for SL Green Realty but lowered its price target. This could potentially lead to an increase in the stock's price if the market reacts positively to the maintained Buy rating.
The maintained Buy rating indicates that Truist Securities still sees potential in SL Green Realty's stock. However, the lowered price target might indicate a more conservative outlook on the stock's future performance. The market's reaction to this news will determine the short-term impact on the stock's price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100