Barclays Maintains Underweight Rating for SL Green Realty: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Barclays has maintained its Underweight rating for SL Green Realty (NYSE:SLG) but raised its price target from $26.00 to $35.00. Despite the increase, the new target suggests a potential downside of 15.11% from the current price of $41.23. SL Green Realty is a major Manhattan property owner and operates as a REIT.
December 07, 2023 | 5:00 pm
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Barclays maintains an Underweight rating on SL Green Realty with a raised price target of $35, indicating a potential decrease of 15.11% from the current trading price.
The maintained Underweight rating and the raised price target that is still below the current share price suggest that Barclays analysts expect SL Green Realty's stock to underperform. This could influence investor sentiment and potentially lead to a short-term decrease in SLG's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100