Scotiabank Maintains Sector Underperform on SL Green Realty, Raises Price Target to $43
Portfolio Pulse from Benzinga Newsdesk
Scotiabank analyst Nicholas Yulico has maintained a Sector Underperform rating on SL Green Realty (NYSE:SLG) but raised the price target from $40 to $43.
April 02, 2024 | 3:27 pm
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Scotiabank maintains a Sector Underperform rating on SL Green Realty but increases the price target from $40 to $43.
While the increase in price target from $40 to $43 by Scotiabank suggests a slightly more positive outlook on SL Green Realty's valuation, the maintenance of a Sector Underperform rating indicates ongoing concerns about the company's performance relative to its sector. This mixed signal could lead to neutral short-term price movement as investors weigh the improved price target against the underperform rating.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100