A Closer Look at 6 Analyst Recommendations For SL Green Realty
Portfolio Pulse from Benzinga Insights
SL Green Realty (NYSE:SLG) received mixed analyst ratings, with a shift towards a more bearish outlook in the last 30 days. The average 12-month price target is now $48.5, up from $44.25, indicating a 9.6% increase. Analysts from Evercore ISI Group, Deutsche Bank, Piper Sandler, Truist Securities, and Goldman Sachs provided updates, with price targets ranging from $36.00 to $58.00. SL Green Realty, a major Manhattan property owner, faces challenges with a -6.85% revenue decline and below-average profitability metrics.
March 18, 2024 | 4:01 pm
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NEUTRAL IMPACT
SL Green Realty faces mixed analyst sentiments with a recent bearish tilt and an updated average price target of $48.5, reflecting a 9.6% increase. The company's revenue decline and below-average profitability metrics pose challenges.
The mixed analyst ratings with a recent bearish tilt could create uncertainty among investors, potentially leading to short-term price volatility. The increase in the average price target suggests some optimism, but the company's financial challenges, including a significant revenue decline and below-average profitability metrics, may dampen investor sentiment. The balance between these factors leads to a neutral short-term price direction score.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100