Wells Fargo Maintains Equal-Weight on SL Green Realty, Raises Price Target to $63
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Blaine Heck maintains an Equal-Weight rating on SL Green Realty (NYSE:SLG) and raises the price target from $43 to $63.
September 11, 2024 | 2:43 pm
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Wells Fargo has increased the price target for SL Green Realty from $43 to $63, maintaining an Equal-Weight rating. This suggests a positive outlook on the stock's potential value.
The increase in price target from $43 to $63 by Wells Fargo indicates a more optimistic view on SL Green Realty's future performance. Maintaining an Equal-Weight rating suggests that while the stock is expected to perform well, it may not outperform the market. This is likely to have a positive short-term impact on the stock price as investors may view the raised target as a sign of confidence in the company's prospects.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100