SL Green Realty shares are trading higher after Barclays upgraded the stock from Underweight to Equal-Weight and raised its price target from $35 to $48.
Portfolio Pulse from Benzinga Newsdesk
SL Green Realty's stock price increased following an upgrade by Barclays from Underweight to Equal-Weight and a raise in the price target from $35 to $48.
March 27, 2024 | 3:32 pm
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POSITIVE IMPACT
SL Green Realty's stock price is likely to experience a positive short-term impact due to the upgrade by Barclays from Underweight to Equal-Weight and an increase in the price target from $35 to $48.
Upgrades by major financial institutions like Barclays often lead to increased investor confidence and can drive up the stock price in the short term. The significant raise in the price target from $35 to $48 further underscores a positive outlook for SL Green Realty, likely leading to increased buying activity and upward price movement.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100